LAYOFFS
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Euro Insol Plans Professional Skill Assessment At Hidroelectrica Followed By Layoffs
Euro Insol, the court-appointed administrator of Romanian insolvent power producer Hidroelectrica, will assess the professional competence of the energy company’s employees in the next three...
Electrocentrale Deva To Lay Off 200 Employees In 2012
Electricity producer Electrocentrale Deva, held by Romanian state-owned power producer Termoelectrica, will lay off 200 people in 2012, with severance payments, the Government decided Wednes...
Mechel Campia Turzii Employees To Stage Protests Over Planned Layoffs Mid-Sept
Nearly 1,000 employees of Romanian steel works Mechel Campia Turzii (INSI.RO) are set to stage protests mid-September displeased with the plan of Russia's Mechel steel group to lay off aroun...
TVR To Lay Off Almost 980 Employees
The managing board of Romanian national television company SRTv decided Tuesday to lay off almost 980 employees, as part of the company’s economic recovery program.
RBS To Lay Off 350 Employees As Part Of Plan To Abandon Retail Division
UK’s state-run RBS is taking concrete steps towards putting into practice its strategy to withdraw from its Romanian retail business and focus on services for corporate clients: 350 employee...
Posta Romana To Lay Off 6,500 Employees, Almost 20% Of Staff
Romania's state-owned postal operator, Posta Romana, will sack almost 20% of its staff to avoid insolvency, with 1,029 employees to leave over the next three months and a further 5,500 emplo...
VIG Lays Off A Fifth Of Romanian Employees In Two Years
Austrian insurer Vienna Insurance Group (VIG), which controls a quarter of the Romanian insurance market, cut by 22% its number of employees on the local market in the past two years, and th...
Major Insurers Laid Off 8% Of Their Staff Last Year
Five of the top ten companies on the insurance market cut the number of employees by 8% last year, as the industry as a whole continued to restructure because of the significant business dec...
Tired Of Layoffs, HR Managers Feel Reinvention Is Nigh
Human resources managers in 2012 are tired of signing layoff decisions. It is time to reinvent themselves and find new solutions to boost performance and motivate employees through simple th...