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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.2 - Manufacture of gas; distribution of gaseous fuels through mains
1,300 jobs Number of planned job losses
Announcement Date
4 December 2006
Employment effect (start)
1 January 2007
Foreseen end date
1 January 2009
Description
According to the provisions of the privatisation contract of Distrigaz Sud, published on-line by Ministry of Economy and Commerce, the number of employees will decrease by 1,300 people by the beginning of 2009.
At present, the company has 11,100 employees. This number will decrease to 10,800 in 2007, 10,300 in 2008 and 9,800 in 2009.
The progressive decrease of employees starting in 2006 is a result of technological transfer from Gaz de France, the major stakeholder of the company.
Sources
5 December 2006: Economistul
Citation
Eurofound (2006), Distrigaz Sud, Merger/Acquisition in Romania, factsheet number 64563, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64563.
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