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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.11 - Production of electricity
300 - 350 jobs Number of planned job losses
Announcement Date
16 July 2014
Employment effect (start)
Foreseen end date
31 December 2014
Description
Complexul Energetic Hunedoara (CEH), an important national power producer, announced that intends to cut 300-350 jobs in the last quarter of 2014. The company is undergoing a restructuring process. According to the sources, those who will be fired are mainly employees that meet the retirement criteria. They will receive severance payments. The employees affected are mostly based in Mintia and ParoÅŸeni steam power plants and Valea Jiului hard coal-mining company.
Sources
17 July 2014: Glasul Hunedoarei
16 July 2014: Agerpres
Citation
Eurofound (2014), Complexul Energetic Hunedoara, Internal restructuring in Romania, factsheet number 77788, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77788.
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