Type
Internal restructuring
Country
Romania
Region
Location of affected unit(s)
Romania
Sector
Utilities
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35.1 - Electric power generation, transmission and distribution

1,725 jobs
Number of planned job losses
Job loss
Announcement Date
10 December 2008
Employment effect (start)
1 December 2008
Foreseen end date

Description

The state owned company Electrica, the biggest provider of electricity, initiated a voluntary redundancy programme for 1,725 employees. Each redundant employee will receive a compensatory payment of about 14,000 euros. The estimated turnover of the national company for 2008 is 1.7 billion euros and the present number of employees is 18,034.


Sources

  • 11 December 2008: Ziarul Financiar

Citation

Eurofound (2008), Electrica, Internal restructuring in Romania, factsheet number 67706, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67706.