Internal restructuring
Location of affected unit(s)
Sud-Vest Oltenia
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35.11 - Production of electricity

600 jobs
Number of planned job losses
Job loss
Announcement Date
22 January 2014
Employment effect (start)
22 January 2014
Foreseen end date
31 December 2014


Complexul Energetic Oltenia, a coal power producer in South West Romania, has announced that it will cut 600 jobs in 2014. The process will continue over the next years until 3138 jobs are being cut by the end of 2018.

The company, the second national power producer after Hidroelectrica, has to cut its costs with labour and improve its efficiency. The job reductions are part of an internal restructuring plan, imposed by unfavourable market evolution. The higher costs of coal power production resulted in reduced demand for coal extraction and a need to down-size the workforce. The first actions focus on reducing white collars' positions, such as manager, legal adviser, accountant, but also engineer, that are spread all over the company.

At the same time, Complexul Energetic Oltenia is conducting rehabilitation works and constructs new facilities within its energy plants of Craiova, Turceni and Rovinari, and it is modernizing its mining production in various careers: Rovinari Est, Pinoasa, Tismana I ,Tismana II and Jilt Sud.

For details see the companies’ website http://www.eturceni.ro/index.php/noi-capacitati



Eurofound (2014), Complexul Energetic Oltenia, Internal restructuring in Romania, factsheet number 76824, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76824.