“Decision of the General Assembly of Associates T-SYSTEMS ICT ROMANIA – S.R.L. T-Systems International GmbH: Dissolution and liquidation of the company, while complying with the provisions of article 227, paragraph (1) letter d) corroborated with article 235 of Corporate Law no. 31/1990, republished, and with subsequent amendments”, according to the document.
The subsidiary in Romania, inaugurated in 2011, has never exceeded on average 14 employees, and its revenues were a little over RON20 million. In 2018, the company had a turnover of RON16.4 million, lower by RON4 million versus 2017, and a net profit of RON2.3 million, as per Finance Ministry data.
Worldwide, T Systems has fired over 5,000 employees, in Germany alone, and expects global annual revenue of EUR4 billion at the end of the restructuring program, compared to EUR7 billion.