SEVERANCE PAY
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Romania Secures RON7.4M To Pay Severance To Posta Romana Laid-Off Employees
The 3,650 laid-off employees of Romanian state-run postal operator Posta Romana will receive severance pay amounting to 7.4 million lei (EUR1.66 million) by the end of the year, the company said Tuesday.
AmCham Concerned About Emergency Decree Taxing By 85% Managers' Severance Pay
The Romanian business environment is concerned about the lack of clarity of a Government emergency ordinance taxing by 85% severance pay granted to managers and executive board members, the...
Government To Downsize Managing Board Of Financial Supervisory Authority
Romania’s government will downsize the Executive Board of the country's Financial Supervisory Authority (ASF) and will place an 85% tax on the severance pay former members of institutions re...
Government To Pass Decree Taxing 85% Of Severance Pay Of Ex- CSA, CNVM, CSSPP Heads
Romania’s Government is set to adopt an emergency decree Tuesday taxing by 85% the severance pay of former members of institutions reorganized into the country’s Financial Supervisory Author...
Ponta Wants To Tax Severance Pay Granted To Former CSA, CNVM Heads
Romania’s Prime Minister Victor Ponta said Monday he wants to place an 85% tax on the severance pay the ex-heads of former insurance market regulator CSA and securities commission CNVM will...
Nica: Discrepancy Between Severance Pay At Posta Romana And That At Former CSA, CNVM Shameful
The discrepancy between severance pay for employees of state-owned company Posta Romana to be soon made redundant and that for the ex-heads of former insurance market regulator CSA and secur...
Managers Of Former CSA And CNVM Receive Over EUR100,000 In Severance Pay
The former managers of the now extinct authorities that used to supervise the capital market, the insurance sector and private pensions, get severance pay of up to 19 monthly salaries becaus...