Restructuring events
European Restructuring Monitor (ERM)
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.
State-owned rail freight company CFR Marfă has announced that it is to dismiss 6,380 employees between February and March 2010. The company has already notified the collective dismissals to the employment office. The restructuring is due to the economic difficulties of the company. With a total workforce of 17,000 employees, CFR Marfa controls 76% of the total volume of goods transported by railway in Romania.
The trade unions are opposed to the move, not least because the collective agreement does not provide for compensations in the event of layoffs. If the government does not allocate a sum for these payments, the workers will be made redundant without being paid.
Eurofound (2010), Societatea Naţională de Transport Feroviar de Marfă 'CFR Marfă', Internal restructuring in Romania, factsheet number 70098, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70098.