LAYOFFS
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Pharmaceutical Producers To Lay Off More Than 200 People In Upcoming Months For Tax Reasons
Generic medicines producers in Romania will lay off more than 200 employees by the end of the year, citing an unfavorable tax and legislative framework that has affected their operations in...
GFR Lays Off 66 Employees After Losing Coal Transport Bid To CFR Marfa
Railway freight carrier Grup Feroviar Român (GFR), owned by Romanian businessman Gruia Stoica, will lay off 66 employees after losing a bid to provide coal transport services in favor of sta...
CFR Marfa To Lay Off 2,500 People By End-July
Romanian railway freight carrier CFR Marfa started layoffs this week and 2,500 people will be leaving the company by the end of July, commercial manager Ion Soare said Tuesday.
Companies Paying Lower Green Certificate Quotas Forced To Keep Any Layoffs To Under 25% Of Staff
Companies receiving state aid in the form of lower green certificate quotas are forced to keep layoffs to less than 25% of the staff registered at the time they become eligible for the state...
CFR Marfa To Start Layoff Of Over 2,000 Employees Next Week
Romanian Transport Minister Dan Sova said Thursday that freight railway carrier CFR Marfa will set off the layoff process of over 2,000 employees next week, due to the company’s unfavorable...
Banks, Still Unable To Take Firm Steps To Restore Profitability
Romanian banks have left the crisis behind, but moves to reduce paperwork and streamline operations with a view of slashing costs and luring new clients are still scarce and unevenly applied...
Amurco Bacau Lays Off 300 Employees As Of June 1
Chemical fertilizer plant Amurco Bacau will lay off 300 employees as of June 1, representing 75% of its total employee numbers, citing high prices for methane gas.
Armatura Cluj Wants To Shut Down Two Foundries, Lay Off Staff
The management board of Armatura Cluj-Napoca (ARM.RO) is requiring shareholders' approval to shut down its brass and cast iron foundries and lay off the employees.
CFR Marfa To Lay Off 2,500 Employees Next Year, Nearly 30% Of Its Staff
Romanian freight railway carrier CFR Marfa will lay off 2,500 employees next year, nearly 30% of the total, according to the company’s budget for 2014, which also stipulates RON16.8 million...