Another 500 employees will be laid off by the end of June, said Remus Borza, general manager of Euro Insol.
The layoffs, alongside measures to reduce costs with various bonuses, will lead to annual savings of EUR10 million, Borza added.
Also on Thursday, Borza said Hidroelectrica’s managers have all been dismissed and that former general manager Stefan Gheorghe was appointed deputy general manager.
The vacant general manager position will be filled following an open competition.
Hidrolectrica, Romania’s top energy producer, has filed for insolvency in June last year and is currently undergoing reorganization. According to Borza, Hidrolectrica will complete its reorganization in the second half of 2013.
The company is owned by the state, through the Economy Ministry.