restructuring

CFR Marfa To Undergo Restructuring, Sell Unprofitable Assets

12:21, 24 Feb. 2020
Romania's state-owned railway fright company CFR Marfa, which has debts of RON1.3 billion, is set to implement a restructuring program to streamline operations and sell unproductive assets under the supervision of insolvency practitioners CITR.

Romanian Interior Ministry To Lay Off 5,500 Employees In October – Minister

18:09, 26 Aug. 2011
Romanian Interior Minister Traian Igas said Friday that 5,500 ministry employees will be laid off in October, but the reorganization process will not end.

Romanian Termoelectrica To Lay Off 300 Employees

13:08, 26 Iun. 2011
State-owned thermal power producer Termoelectrica will lay off 300 employees from two branches, under a restructuring plan approved by shareholders on June 16.

Romanian Postal Co Restructuring To Affect 2000 Employees

17:14, 27 Mai 2011
Restructuring the Romanian postal service will affect around 2000 employees, 6% of the total staff, some of whom will be laid off, company president Daniel Neagoe told MEDIAFAX on Friday.

Romania To Cut Customs, Financial Guard Jobs By Third

15:50, 24 Mai 2011
Romania's Finance Ministry wants to cut 2,140 jobs in the National Customs Authority and the Financial Guard, according to two draft government decisions.

Romanian Union Leader: At Least 30,000 State Co Employees To Be Laid Off

16:44, 29 Apr. 2011
Romanian National Union Bloc (BNS) president Dumitru Costin said Friday that IMF officials have stated the main topic on the agenda of their talks with the Government will be the restructuring of state-owned companies, which will involve laying off at least 30,000 employees.

Romanian Revenue Service To Absorb Financial Guard, Customs Authority

21:06, 04 Mart. 2011
Romania's Government will dissolve the Financial Guard and the Customs Authority, passing their duties on to revenue service ANAF, which will now collect and manage state budget income, conduct fiscal inspections, customs operations and financial guard operations.

Romanian Public Sector Restructuring To Continue Into Next Year – President

17:11, 11 Nov. 2010
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.

Romanian State-Owned Postal Co Restructuring Doesn’t Entail Layoffs

10:51, 22 Iun. 2010
The restructuring strategy of Romania’s state owned postal company, which the Government approved last week, does not include any layoffs, the company said in a press release Tuesday.

Fitch: Fiscal Consolidation Vital To Restore Confidence In Romanian Economy

14:06, 21 Iun. 2010
Romania needs an overhaul of the public sector to restore fiscal sustainability and regain investors’ confidence in the economy as a whole, an official at Fitch Ratings said Monday.

Romania’s Govt To Restructure State-Owned Postal Co Facing Financial Collapse

15:37, 17 Iun. 2010
Romania’s Government has decided to restructure the state-owned national postal service through the development of its financial service portfolio, layoffs, local same-day deliveries and a staff bonus system, in an attempt to rescue the company from financial collapse.

Romanian PM Says Restoring Salaries, Pensions In 2011 Will Require Public Sector Restructuring

18:57, 21 Mai 2010
Romania’s Government stands by its decision to curb the budget deficit through expenditure cuts, while increasing salaries and pensions in 2011 will require restructuring in the public sector and economic recovery, Prime Minister Emil Boc said on Friday.

Romania’s Privatization Authority To Sack 155 Employees – Sources

16:21, 15 Apr. 2010
Romania’s Government approved a restructuring plan for the country’s privatization authority AVAS which entails the layoff of 155 people, namely more than one third of the agency’s 422 employees, people close to the matter told MEDIAFAX Thursday.

Romania PM Asks Ministers To Present Concrete Restructuring Plans In Public Sector

09:29, 01 Apr. 2010
Romanian Prime Minister Emil Boc asked ministers to come up with concrete propositions, in maximum two weeks, meant to restructure the public institutions under their subordination, sources close to the matter told MEDIAFAX.

Romanian PM Calls For Second Stage Of Public Sector Restructuring Process

15:13, 25 Mart. 2010
Romanian Prime Minister Emil Boc asked his Cabinet to prepare the second stage of the public sector restructuring process, to follow last summer’s reorganization of government agencies, a move which will entail layoffs to lower public spending.

Romania’s Freight Rail Co CFR Marfa Axes Jobs, Freezes Wages, Sheds Bonuses To Cut Costs

10:41, 13 Ian. 2010
Romania’s state-owned freight railway company CFR Marfa will cut over 217 million lei (EUR1=RON4.1355) in costs this year by laying off staff, not granting any wage bonuses, freezing wages for remaining employees and not outsourcing rail repair works, according to the company’s restructuring plan.

Romanian Retailer Leonardo Closes 30 Stores, Sacks 600 People

13:04, 08 Sept. 2009
Romanian footwear and bag retailer Leonardo closed 30 unprofitable stores this year and laid off 600 people as part of its restructuring plan, according to consultancy company Ensight Management Consulting, which assisted the retailer in this respect.

Romanian Govt To Take Responsibility For Law Packs In Three Stages

15:15, 31 Aug. 2009
Romanian interior minister and deputy prime minister Dan Nica said Monday the government will take responsibility in Parliament, in three stages, for three law packs: economic measures, the unitary wage law and the education laws.

Bucharest General Mayor Voices Out Restructuring, Staff Cuts To Improve Services

18:12, 17 Aug. 2009
Bucharest general mayor Sorin Oprescu on Monday said he would resort to staff cuts and restructure several bodies under the authority of the Bucharest mayoralty, in a move to render services more efficient.

Romanian Culture Min To Cut 200 Jobs, Save RON2M To The Budget

19:56, 12 Aug. 2009
The Romanian Ministry of Culture, Cults and National Patrimony (MCCPN) will cut over 200 jobs, which would save RON2 million (EUR1=RON4.2239) to the state budget, culture minister Theodor Paleologu said Wednesday.

Romanian Fiscal Watchdog To Be Reorganized, 477 Job Scrapped

19:54, 12 Aug. 2009
Romanian National Authority for Fiscal Administration (ANAF) will be reorganized in order to improve fiscal control, decision taken after the discussions with the representatives of the International Monetary Fund, and 477 jobs will be cut, finance minister Gheorghe Pogea said Wednesday.

Romanian Health Ministry To Cut 627 Jobs- Minister

17:57, 12 Aug. 2009
Romania’s Health Ministry will scrap 627 jobs and most job cuts target the Public Health Departments and the National Medicines Agency (ANM), the country’s health minister Ion Bazac said Wednesday, adding the restructuring process does not target medical staff in the healthcare system.

Romania’s State Domain Agency Will Lose 20% Of Its Staff Amid Restructuring – Agr Min

12:51, 11 Aug. 2009
Romanian agriculture minister Ilie Sarbu on Tuesday said the State Domains Agency will not be disbanded but its staff will be reduced by 20%.

Romanian Govt To Take Responsibility For Laws On Wages, Education, Restructuring On Sept 2

13:15, 10 Aug. 2009
The Romanian government will take responsibility in Parliament, on Sept 2, for the unitary pay law in the budget sector, the law restructuring government agencies, and the laws on pension-wage cumulus and on education, Prime Minister Emil Boc said Monday after the meeting of the ruling coalition.

Romanian Econ Min To Merge 14 Institutes Into 2 Units In Energy, Industry Sectors

16:14, 03 Aug. 2009
Romanian Economy Ministry plans to merge 14 research institutes into two structures, operating in the industry and energy sectors, economy minister Adriean Videanu said Monday.

Romanian Health Ministry Cuts 374 Jobs, Lowers Spending By RON10M

23:03, 02 Aug. 2009
Officials of Romania’s Health Ministry presented the prime minister on Sunday with proposals to restructure certain subordinated institutions, targeting the cutting of 374 jobs and a cost reduction of about 10 million lei (EUR1=RON4.2127).

Romanian Transport Ministry Official Denies Plans To Scrap 12,000 Jobs In Railway Sys

16:32, 28 Apr. 2009
Romanian Transport Ministry officials are “surprised” that railway employees will rally on Wednesday and said the ministry sent the railway company CFR variants to render its activity more efficient, not a plan to scrap 12,000 jobs.

Romanian Railway Union Unhappy With Plans To Fire 12,000 People, Threaten Major Strike

14:02, 20 Mart. 2009
The program of restructuring of the Romanian railway sector does not offer any form of social protection for laid-off personnel, according to the documents received Friday by the railway workers’ union, who stated they oppose the dismissal of some 12,000 people.

Ford Europe To Cut Output Capacity, Costs

16:19, 16 Mart. 2009
US automaker Ford’s European division said Monday that it is reducing its production capacity in line with significantly decreased demand, and will take additional measures to trim costs, including at its new manufacturing plant in Craiova, southern Romania.

Nine Romanian Railroad Companies To Undergo Restructuring, 4,000 Layoffs

16:58, 26 Feb. 2009
The Romanian Ministry of Transport will begin, in the next three months, restructuring nine railroad companies detached from mother-companies, in a process that involves the layoff of some 4,000 employees, said deputy secretary of state within the ministry, Constantin Axinia.

Romania Transport Min Eyes Restructuring National Railway Co

20:52, 25 Ian. 2009
Romania’s transport minister Radu Berceanu said Sunday, during his visit at the Craiova railway station, southern Romania, that the country’s railway company SNCFR would soon be subject to a restructuring and layoff plan, citing the large number of employees.

Czech AAA Auto Not Leaving Romanian Mkt But Considers The Option – Spokesman

17:30, 18 Iun. 2008
Czech used car dealer AAA Auto is not preparing a withdrawal from Romania and Poland, but will consider this option if losses on these markets continue to rise, the company’s spokesman Jaroslav Smutny told MEDIAFAX Czech Republic Wednesday.