Type
Internal restructuring
Country
Romania
Region
Location of affected unit(s)
Romania
Sector
Utilities
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35.11 - Production of electricity

650 jobs
Number of planned job losses
Job loss
Announcement Date
10 May 2013
Employment effect (start)
21 May 2013
Foreseen end date
31 December 2013

Description

State-owned Romanian hydro power producer Hidroelectrica announced  the dismissal of 650 employees by the end of 2013. On 21 May the company announced that the first 304 employees had been laid off. Hidroelectrica finds itself in a judicial insolvency process and has approximately 4,800 employees.


Sources

  • 22 May 2013: Ziarul Financiar

Citation

Eurofound (2013), Hidroelectrica, Internal restructuring in Romania, factsheet number 75453, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75453.