The company also replaced the heads of several units over inefficiency, the company said in a statement Tuesday.
Thus, CE Hunedoara will have seven branches (four mining branches, two energy branches and the service branch) and ten operating divisions.
Energy Minister Andrei Gerea said in February the state was working to save energy holdings Oltenia and Hunedoara from bankruptcy. He added CE Hunedoara is noncompetitive and cannot handle the current market economy requirements.
CE Hunedoara has nearly 6,500 employees working in four coal mines and two coal-fired power plants that covered around 7% of the country’s electricity consumption in 2013.
CE Oltenia produces 95% of Romania’s coal and can cover up to 30% of the country’s electricity consumption. The company has nearly 19,000 employees.
International Monetary Fund has requested an extensive reorganization of energy holdings CE Hunedoara and CE Oltenia.