Regia Autonomă Judeţeana de Drumuri şi Poduri Vâlcea (RJDPV)

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Patru; Sud-Vest Oltenia; Vâlcea
Location of affected unit(s)
Râmnicu Vâlcea, Vâlcea
Sector
Construction
42 - Civil engineering
42 - Civil engineering
42 - Civil engineering
95 - 112 jobs
Number of planned job losses
Job loss
Announcement Date
30 January 2015
Employment effect (start)
Foreseen end date
31 December 2015

Description

Vlacea county road and bridge operator (RJDPV) is to lay off at least 95 people by the end of 2015. The company, which is responsible for the maintenance and construction of county roads and bridges, has suffered the consequences of unpaid work.

Over the last three years the company's financial situation has worsened. In 2015, provisions for severance payments, up to six months of wages, were made for employees with more than 15 years of seniority. The restructuring plan should be approved by the Valcea County Council so that RJDPV can avoid insolvency.

Sources

  • 30 January 2015: Adevarul
  • 2 February 2015: Digi 24
  • 31 March 2015: Evenimentul Zilei
  • 1 April 2015: Vocea Valcii

Citation

Eurofound (2015), Regia Autonomă Judeţeana de Drumuri şi Poduri Vâlcea (RJDPV), Internal restructuring in Romania, factsheet number 78661, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78661.