The number of employees to be laid off was settled following talks between TVR’s management and trade unions between September 13 and 24, the company’s president-general manager Claudiu Saftoiu said in a statement.
The stages, procedures and criteria of the selection process of TVR’s staff were also set during the meetings, the statement read.
TVR will have a number of 2,395 employees at the end of the collective layoff.
SRTv registered a loss of 160.8 million lei (EUR36.1 million) in 2011, down 0.71% on the year, and total revenues of about RON583 million.
Losses were caused mainly by several disadvantageous contracts signed between 2004 and 2010, a low TV services fee (the main financing source of the public TV broadcaster) and the significant contraction of the advertising market, SRTv said in a press release.
The company’s advertising revenues have dropped by over 50% since the second half of 2010 compared to 2006-2008, which triggered a decline in revenues of over EUR10 million per year. (EUR1=RON4.5140)