The measure will affect 192 employees in February. In mid-2012, Iproeb had 404 employees.

The company’s turnover fell 26% in the first nine months of 2012 to about 64 million lei (EUR14.4 million), and its profit dropped over six times to some RON0.8 million.

Iproeb’s major shareholder is Electromontaj Bucuresti, with 33.24% of the shares.

On the Rasdaq market Wednesday, Iproeb treaded down 0.57%, at RON0.692 a share. (EUR1=RON4.3828)