LAYOFF
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Fashion Retail Group Inditex Let 800 Employees Go by End of 2020
Spanish-held Inditex, the leader of Romania’s fashion retail market had 2,200 employees at the end of last year compared with some 3,000 before the pandemic, that is at the end of 2019, its...
At Least 10% of Corporate Employees Could Lose Their Jobs in H2 Due to Recession
The economic downturn along with the rethinking of business plans will lead to layoffs in the major companies in the next few months, market data show. At least 10% to 20% of the corporate e...
Actual Number of Jobless People to Head to 1 Million in June
The number of contracts ended or the number of people out of a job since the start of the lockdown is now 411,000, Labor Ministry data show. The number of furloughed employees has dropped by...
Automotive Component Plants Show First Signs of Weakness: Layoffs and Fewer People Hired
The difficult situation of the major automakers in Germany, the main customers of the automotive component plants in Romania is making an impact on the automotive component industry: SEWS (w...
20 Major IT&C Companies In Romania Shed More Than 3,300 Jobs In 2016
A number of 20 of the largest local IT&C companies with more than EUR1.4 billion revenue shed more than 3,300 jobs last year, according to their reports with the Public Finance Ministry and...
OMV Petrom Considers Restructuring Plan
The oil price slump is forcing oil and natural gas producer OMV Petrom (SNP.RO) to consider restructuring, a step that will affect both projects and the number of employees, in order to navi...
Major Banks Laid Off 8,000 People Since 2008, Salary Costs Still The Same
The ten largest banks in Romania laid off 8,000 people in the past six years, but their personnel spending remained unchanged at more than 3 billion lei.
Top 20 Employers Fired Almost 5,000 People Last Year
The 20 largest employers in Romania laid off almost 5,000 people last year. Those whose number of employees increased are retailers Kaufland, Dedeman and Mega Image and telecom operator RCS&...
Large Insurers In Romania Sacked 1,500 Staff In 2013
The seven largest insurers in Romania cut the number of employees by 15% last year, keeping only 9,000, which shows the restructuring process has picked up speed after five years of signific...