LAYOFFS
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More Than 3,400 Jobs In Bank Branches Slashed
More than 3,400 employees working in bank branches in Romania left last year in the harshest restructuring phase since the onset of the crisis, while 320 branches closed. Six times fewer peo...
Government Adopts Decree On Protection Measures For Laid-Off Employees
Romania’s Government adopted Tuesday an emergency decree containing social protection measures for employees affected by the restructuring of state-owned companies, Economy Minister Varujan...
Oltchim Employees To Protest Outside Government HQ Tuesday
About 1,000 employees of insolvent chemical plant Oltchim Ramnicu Valcea (OLT.RO) will hold a protest rally outside the Government building in Bucharest Tuesday, requiring an urgent meeting...
EU Allots EUR24M To Help Redundant Workers In Several Countries, Including Romania
The European Commission (EC) has paid EUR24.2 million from the European Globalization Fund (EGF) to several EU member states, including Romania, to help 5,271 redundant workers back into emp...
Hidroelectrica’s Legal Administrator To Sack 600 People In 2013
Euro Insol, the legal administrator of Romania’s insolvent power producer Hidroelectrica, will start Friday a layoff program targeting 600 employees with the company’s service and maintenanc...
Minister: Romania Must Cut Public Sector Staff
Romania has some 1.2 million employees in the public sector and must downsize staff by 2018, Economy Minister Varujan Vosganian said Sunday in an interview.
Hidrosind: Hidroelectrica Employees To Protests Next Week Against Illegal Layoffs
The unionists with Hidrosind said Thursday the layoffs at Romanian insolvent energy producer Hidroelectrica breach the collective labor contract, and threaten with court actions and protests...
Hidroelectrica Sacks 154 Staff As Part Of Reorganization
Romanian insolvent energy producer Hidroelectrica has given notice of termination of employment to 154 staff and slashed another 161 vacant positions as part of a reorganization program aime...
Mechel Campia Turzii To Lay Off 800 More Workers
Romanian steel processor Mechel Campia Turzii (INSI.RO) wants to lay off 800 more employees, union leader Ioan Pascu told Mediafax Wednesday.