Romanian Public Sector Restructuring To Continue Into Next Year - President

Romanian President Traian Basescu said Thursday that 26,000 public servants must be laid off by the end of the year and that the restructuring of the public sector will continue next year, through a qualitative approach.

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Speaking in the conference "Partnership for economic growth in 2011," hosted by daily "Ziarul Financiar" and the Foreign Investors' Council, Basescu said a new, "pre-emptive" agreement might be signed with the International Monetary Fund, the European Union and the World Bank, once the current loan agreement has run its course successfully.

The President said he hopes the Government will meet its restructuring objectives for 2011, meaning a further 26,000 employees must be laid off by the end of 2010 until the 70,000 target for the year is reached.

The Romanian public sector must lay off 26,000 employees between September and December, to bring the sector down to 1.29 million employees and allow salaries to be raised by 15%, after the 25% slash implemented in July, Finance Ministry state secretary Gheorghe Gherghina said Tuesday.

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