The company has approximately 1,200 employees and is estimated to be able to pay its historic debts to the state budget within seven years. Also, by existing insolvency, the company should be able to contribute RON3 million a month to the state budget in taxes.
CFR IRLU will undergo financial restructuring in the upcoming period and will renegotiate service tarrifs.
CFR IRLU was set up in 2001, when CFR Marfa outsourced its engine repair operations. The company provides locomotive maintenance, overhaul and upgrade works for local and foreign railway operators. It entered insolvency in 2014.