RESTRUCTURING
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Banks Slow Down Restructuring Process
Expecting the economy to recover, bankers have slowed down even more the restructuring of their territorial networks and number of employees, while the average salary reported by the central...
CFR Calatori To Close 4 Branches, Lay Off 1000 Employees
Romanian state-owned railway passenger carrier CFR Calatori Friday said it has begun restructuring its network, which will entail cutting the number of regional branches to four and laying o...
Boc Says Layoffs Aren't Core Of State Companies' Restructuring
Romanian state-owned companies will be restructured according to cost-benefit analyses, not a specific number of employees to be laid off, said acting Labor Minister Emil Boc on Friday, afte...
Union Leader: At Least 30,000 Job Cuts In Romanian State Companies
Romanian National Union Bloc (BNS) president Dumitru Costin on Friday said that IMF officials have stated the main topic on the agenda of their talks with the local authorities is the restru...
Oltchim Plans New Restructuring Scheme
Romanian state-owned chemical company Oltchim Ramnicu-Valcea (OLT.RO) plans a new restructuring scheme, since the current one is deemed too slow and ineffective, according to the agenda for...