HR
Romania To Appoint Private Managers At Key State-Owned Companies By Yearend
Romania’s Government and the International Monetary Fund have set new deadlines to appoint private managers at multiple state-owned companies, such as gas producer Romgaz, natural gas transp...
Hidroelectrica Administrator: Bad Management Widespread In State-Owned Companies
Hydropower producer Hidroelectrica, which filed for insolvency on June 20, is not the only Romanian state-owned enterprise plagued by bad management, as many of the companies controlled by t...
Liliana Solomon Promoted To CFO Of Vodafone Group For Europe
Liliana Solomon, 48, was promoted in July as chief financial officer (CFO) of British mobile telephony group Vodafone for Europe, and will be in charge of the company’s activity in eight cou...
Romanian Economy Loses EUR20B A Year From Workforce Migration
Almost EUR20 billion could go towards consumer spending and the state budget if the 2.5 million Romanians aged over 18 working abroad were employed in Romania, according to ZF calculations t...
Large Banks Still Spend More Than Half Of Expense Budgets On Salaries
BCR, BRD and Banca Transilvania, the three largest banks on the Romanian market, spent more than 1.8 billion lei (EUR0.4 billion) on employee salaries last year. This means 56% to 59% of the...
Hidroelectrica's Oversized Staff - One Of The Causes Of Insolvency
Hidroelectrica's personnel structure is "oversized" and the salary fund is "clearly out of proportion" with the company's economic indicators, says a report on the causes of the insolvency o...
Volksbank Cuts 170 Jobs And Restructures Its Network
Volksbank Romania, which ended last year with a loss of around EUR95 million according to international reporting standards, has decided to shed almost 170 jobs as part of restructuring meas...
Transport Ministry Asks Headhunters To Drop Recruitment Of CEOs For State Companies
The biggest campaign to recruit CEOs for state-owned companies subordinated to the Transport Ministry, which started a few days ago, risks to lose its credibility, after on Thursday represen...
Higher Healthcare Contributions Seen Leading To Illicit Labor, Layoffs
Charging healthcare contributions as a share of the national average wage for employees earning less will encourage illicit labor, layoffs and restrict the hiring of young graduates, especia...