RESTRUCTURING
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Interior Ministry To Lay Off 5,500 Employees In October
Romanian Interior Minister Traian Igas said Friday that 5,500 ministry employees will be laid off in October, but the reorganization process will not end.
Banks' Adjustment To Crisis: 450 Units Closed And 5,000 People Left Since 2008
The banking system continues to slowly adapt its territorial network to the weak loan demand, particularly on the retail segment, so that 32 units were shut down in the second quarter, with...
Posta Romana To Cut 2,000 Jobs, SNR To Cut 450 Jobs
About 2,000 out of 34,000 jobs will be cut from Romania’s state-owned postal company Posta Romana and 450 jobs will be cut from the National Radiocommunications Company’s current 1,950 jobs,...
Termoelectrica To Lay Off 300 Employees
State-owned thermal power producer Termoelectrica will lay off 300 employees from two branches, under a restructuring plan approved by shareholders on June 16.
Interior Ministry Proposes Staff Cuts At State Reserve, National Archives
Romania's Interior Ministry wants to reduce the number of jobs in the State Reserves Administration and in the National Archives by 180 and 451, respectively, to meet its personnel expenses...
Posta Romana Restructuring Will Save RON50M A Year, Minister Says
Romania’s state-owned postal company Posta Romana will start an ample restructuring process that will last over the next months and that will save an annual 50 million lei (EUR11.8 million)...
Posta Romana Restructuring To Affect 2,000 Employees
Restructuring the Romanian postal service will affect around 2,000 employees, or 6% of the total staff, some of whom will be laid off, company president Daniel Neagoe told MEDIAFAX.
ATEbank To Sell Majority Stake In Romanian Branch
Greek state-owned group ATEbank wants to sell the majority stake in ATEbank Romania, as part of a restructuring plan compiled and unfolded in compliance with European Union regulations.
Finance Ministry Plans To Cut 2,100 Jobs In Customs Authority and Financial Guard
Romania's Finance Ministry wants to cut 2,140 jobs in the National Customs Authority and the Financial Guard, according to two draft government decisions.