“The decision targets all company employees. So as not to affect the company’s activity, each employee will take turns and go on two days unpaid leave per month until the end of the year. The measure will cut the company’s costs by RON7 million a month,” Neagoe told MEDIAFAX.
Last year, the postal company posted net loss of EUR29 million and a turnover of EUR327 million.
Neagoe told MEDIAFAX late May about 2,000 employees, or 6% of the company’s staff, would be affected by restructuring measures as Posta Romana planned to close some of its branches and lay off part of its employees.
The postal company has earmarked RON36 million to spend on severance payments for laid off staff.
Posta Romana is romania’s biggest postal service company and has a network of 7,100 local offices. The company employs 34,200 people, of which over 11,000 are mail carriers. The company is expected to lower its staff numbers to 32,663 by the end of the year.
Posta Romana is 75% owned by the state, through the Ministry of Communications, and 25% owned by investment fund Fondul Proprietatea.
In 2011, the postal company expects total revenues of RON1.51 billion, from RON1.4 billion in 2010, and a pre-tax profit of RON2.34 million. (EUR1=RON4.1732)