According to Negritoiu, the restructuring will mainly target middle management positions.
ASF head said that the expense cut process has already started by the decrease of remunerations and indemnities of ASF board, while premiums and bonuses, as well as new jobs, were currently suspended.
Early April, the Parliament approved the appointing of Misu Negritoiu as ASF president.
Negritoiu was ING Bank Romania president, and served as minister for coordination, strategy and reform, between 1992 and 1993. He was elected deputy in 1996.
Since 1997, he worked for the ING group, and in 2006 he was promoted as chief executive officer of ING Bank Romania. In 2012, the group named another CEO, and Negritoiu stayed on as the bank’s chairman.
He is also professor at the Bucharest University of Economic Studies and was awarded Doctor honoris causa by UK-based Hertfordshire University.