Type
Internal restructuring
Country
Romania
Region
Location of affected unit(s)
NA
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

1,000 - 1,400 jobs
Number of planned job losses
Job loss
Announcement Date
12 January 2011
Employment effect (start)
Foreseen end date
30 December 2011

Description

Provider of mobile and fixed telephony services Romtelecom, which is part of the Deutsche Telekom group, announced the intentin to dismiss between 1,000 and 1,400 employees in 2011. The job losses are blamed on the decline in revenues from fixed telephony. At present the company has approximately 8,500 employees.


Sources

  • 13 January 2011: Ziarul Financiar

Citation

Eurofound (2011), Romtelecom, Internal restructuring in Romania, factsheet number 71530, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71530.