cuts
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Companies
Oil Terminal Cuts Staff Spending After Posting 1H Loss
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) has suspended its employees' individual work contracts for 10 days and will pay them 75% of their base wage during this time in a bid to curb staff spending.
Banks-Insurance
Foreign Banks Cut EUR3B From Lines Of Credit In Past Year
The foreign funding of banks in Romania dropped to less than EUR20 billion at the end of the first quarter of 2013, the lowest since the start of the crisis in 2008.
Social/Politics
Posta Romana To Cut Employee Numbers And Wages
Romania’s state-owned postal service operator Posta Romana will lower its staff numbers and employees’ wages, following a slump in activity both domestically and internationally, the company...