Nica said Posta Romania has around 100 managers and the plan is to keep ten at most, adding around 300 administrative and maintenance employees should also be laid off. Nica also said the reorganization process, which sets off at the end of May, targets to improve the company’s financial situation after the company reported losses and amassed debts over the past years.
Nica said no foreign investor will be interested in becoming a shareholder in Post Romana unless the company is reorganized and has private management. Nica also said it is “outrageous” that ministries and other state institutions sign contracts for postal services on which Posta Romana holds a monopoly until December 31, 2012.
Posta Romana, Romania’s largest provider of postal services, is currently undergoing an ample restructuring plan that targets massive layoffs and privatization.
In April, the ministry cancelled an auction to select a legal adviser for the postal company’s privatization, citing faulty procedures, and former communications minister Razvan Mustea said the privatization of Posta Romana would be completed at the end of the year or in the first months of 2013, instead of June 2012 as previously agreed with the International Monetary Fund.
Romania’s parliamentary committees hearing proposed ministers on Monday have endorsed Nica for minister of communications with 21 to one votes. Nica was previously communications minister between 2000 and 2004, and served as interior minister between 2008 and 2009.
Parliament committees are hearing minister nominees Monday morning and the Parliament is expected to hold a plenary meeting later in the day for a confidence vote on the new Cabinet. The committees’ endorsement of proposed ministers is consultative.