RESTRUCTURING
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Romaero Undergoes Restructuring To Cut Its State Budget Debts By RON256M
Romanian aircraft parts maker Romaero (RORX.RO), a strategic company for Romania’s aerospace and defense industry, is undergoing a restructuring process aimed at reducing its state budget de...
CFR Marfa Maintenance And Repair Division Exits Insolvency
CFR IRLU, the maintenance and repair division of Romania's state-owned freight railway carrier CFR Marfa, has exited insolvency by restructuring its debts to the state budget outside the com...
Romanian Banking Sector Shed 380 Units, 585 Employees in the Past Year
The Romanian banking system closed 380 units and agencies and 585 employees have left the system by the end of the first quarter of 2020 compared with the same period last year.
Car Parts Manufacturers in Romania Shed 5,000 Employees in 2019
Five large car part manufacturers in Romania – Autoliv, Lear Corporation, Yazaki, Faurecia and Adient Automotive – shed nearly 5,000 employees in 2019, according to finance ministry data cen...
Fondul Proprietatea Wants Restructuring Of Romaero’s Historic Budget Debts Amassed In Last 11 Years
Romanian investment fund Fondul Proprietatea has required that the shareholders of aircraft parts maker Romaero Bucuresti (RORX.RO) also discuss in their general meeting the restructuring of...
CFR Marfa To Undergo Restructuring, Sell Unprofitable Assets
Romania's state-owned railway fright company CFR Marfa, which has debts of RON1.3 billion, is set to implement a restructuring program to streamline operations and sell unproductive assets u...
Almost 400 Bank Branches Closed and 2,340 Employees Left by End of September 2019
The restructuring of the banking system’s territorial network and number of employees continued in the first nine months of this year. The number of branches fell by 397 and the number of em...
Banking System Restructuring Continues: Fewer Branches, More Employees In H1
The restructuring of the banking system continued in the first half of 2018, so banks in Romania ended June with 4,529 branches and offices, 146 fewer than at the end of the first half of 20...
Lactalis Starts Restructuring After Acquisition Of Albalact And Covalact; To Close Down Kogalniceanu Plant
French giant Lactalis, leader on the Romanian dairy market after buying three major players over the last decade - La Dorna, Albalact and Covalact-, will be closing down the factory in Kogal...