Societatea Nationala de Transport Feroviar de Calatori CFR Calatori

Type
Internal restructuring
Country
Romania
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.1 - Passenger rail transport, interurban
1,050 jobs
Number of planned job losses
Job loss
Announcement Date
21 February 2012
Employment effect (start)
1 March 2012
Foreseen end date

Description

CFR Calatori, public operator of railways transport, notified the territorial labour inspectorate about the intention to dismiss 1,050 employees starting in March 2012.

This is part of a restructuring programme promoted by the Romanian Government as result of the conditionality imposed by the loan agreement signed with the International Monetary Fund. Previously, in July 2011, the company cut 1,000 jobs (see here).

The redundant workers will receive 670 lei/month for six months as compensatory payments. At present the company has approximately 14.000 employees.

Sources

  • 21 February 2012: Ziarul Financiar

Citation

Eurofound (2012), Societatea Nationala de Transport Feroviar de Calatori CFR Calatori, Internal restructuring in Romania, factsheet number 73124, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73124.