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.
Romania's national mail company Posta Romana announced the decision to dismiss 1,029 employees (most of them working in administration or management positions) in 2012. Another 5,500 employees will be made redundant over the coming years. The exact timing for the restructuring is yet to be announced.
The decision came from a newly appointed director and is meant to improve the financial situation of the company and avoid insolvency.
The move is motivated by financial losses registered by the company and it is said to be one of the most extensive restructuring plans in Romania this year - provided that it is accepted by the trade unions.
Eurofound (2012), Compania Nationala Posta Romana, Internal restructuring in Romania, factsheet number 73632, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73632.