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

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

Description

Telecommunication service provider Telecomunicaţii CFR is to dismiss 100 employees by the end of August 2011. The job cuts are part of the measures negotiated and agreed with the International Monetary Fund in order to decrease the state budget deficit. This will be partly achieved by restructuring state-owned companies.


Sources

  • 1 July 2011: Ziarul Financiar

Citation

Eurofound (2011), Telecomunicaţii CFR, Internal restructuring in Romania, factsheet number 72221, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72221.