The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
164 jobs Number of planned job losses
Announcement Date
28 December 2005
Employment effect (start)
25 January 2006
Foreseen end date
31 December 2006
Description
The Romanian Commercial Company for Power Transmission Grid Maintenance Services ‘Smart' (Societatea Comercială pentru Servicii de Mentenanţă a Reţelei Electrice de Transport ‘Smart', Smart) will make redundant 164 employees. Employees will receive compensatory payments according to the Government Emergency Ordinance no. 8 of 2003.
Smart is a branch of the National Company of Transport of Electricity (Compania Naţională de Transport as Energiei Electrice Transelectrica, Transelectrica).
Smart provides service of maintenance in the electricity transport network, as well as different other types of services in distribution and transmission.
Eurofound (2005), Smart, Internal restructuring in Romania, factsheet number 62998, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62998.
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