RESTRUCTURING
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Khaled El Solh’s Plans For Caroli: Brand Restructuring, Return To Profit And Acquisitions
Khaled El Solh, one of the founders of cold cuts producer Caroli Foods Group, who has been running the company since the second half of last year, intends to bring the company back to growth...
Government To Leave One Tax Office Per County, Merge Finance, Customs, Guard Departments
Romania's tax authority ANAF will be reorganized next year into eight regional branches and, in 2015, its network will be reduced to one officer per county (20% of the current network), whil...
Praktiker Romania's Restructuring: 500 Job Cuts In Three Years
German do-it-yourself company Praktiker, which operates a 27-store network on the Romanian market, has reduced the number of employees from 2,500 to 2,000, while sales went down to half comp...
Alro Reconsiders Costs On High Energy Prices, Layoffs Are Last Resort
Romanian aluminum producer Alro Slatina (ALR.RO) Thursday said it is reconsidering all its investments and expenditure, because of the cheap energy deficit, which increased electricity costs...
HR Managers’ Tasks For 2012: Boost Employee Productivity, Keep Them Motivated, Continue Restructuring
After more than three years during which layoffs, training cost reduction, salary or benefit cuts have been the priorities on the agenda of the human resources managers, the start of 2012 do...
Romanian Authorities Set Up Strategy For Coal Mining Firm SNLO
Romanian authorities will continue to lay off staff at coal mining company SNLO, cease underground activity, remove positions created through direct employment and send staff into furlough,...
Cojocaru, Volksbank: Lenders To Rethink Business Strategy As Of 2012
Commercial lenders are bound to undergo deep reorganization starting with 2012, because previous hopes that the economic and financial downturn was only a temporary setback are now obsolete,...
Land Improvement Administration To Be Restructured, Laying Off 3,500 Employees
Romania's National Land Improvement Administration (ANIF) will be changed from an autonomous administration into a public institution under the Agriculture Ministry, with the name the Nation...
CNH Head: Romania Gives Up Energy Champions Plan
The Romanian Government has given up the idea of creating two state-owned energy giants, Electra and Hidroenergetica, and it will create two smaller companies, Thursday said Constantin Jujan...