Sova pointed out that the company will not be able to pay the employees’ wages in August unless it takes this measure.
The minister said less than 2,500 employees will be sacked, considering that nearly 200 employees have gradually retired. According to Sova, the employees to be made redundant will receive severance pay.
The Romanian Government and the IMF agreed to subject CFR Marfa to an aggressive restructuring process and continue the privatization with a strategic investor.
CFR Marfa, controlled by the state through the Transport Ministry, is the largest freight railway carrier in Romania, with a turnover of EUR208 million in 2013.