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.
State-owned rail freight company CFR Marfa is to cut 2,500 jobs in 2014.
As announced, the Romanian Government promotes a cost-cutting restructuring programme envisaging, among other measures, a job reduction plan aimed at decreasing operating losses.
According to media reports, a recent privatisation effort encountered obstacles but a new plan is to be implemented by 2015.
For previous restructuring events see CFR Marfa -2010 and CFR Marfa-2009.
Eurofound (2013), Societatea Naţională de Transport Feroviar de Marfă (CFR Marfă), Internal restructuring in Romania, factsheet number 76242, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76242.