Type
Internal restructuring
Country
Romania
Region
Bucuresti; Bucuresti;
Location of affected unit(s)
Bucharest
Sector
Utilities
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35.12 - Transmission of electricity

110 jobs
Number of planned job losses
Job loss
Announcement Date
1 July 2011
Employment effect (start)
Foreseen end date
31 August 2011

Description

The Romanian government has announced that the state-controlled electricity provider Electrificare CFR will lay off 110 employees as part of the action plan agreed with the International Monetary Fund (IMF), the World Bank and the European Commission in order to decrease the state budget deficit.


Sources

  • 1 July 2011: Ziarul Financiar

Citation

Eurofound (2011), Electrificare CFR, Internal restructuring in Romania, factsheet number 72220, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72220.