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.
Complexul Energetic Oltenia, a Romanian state energy company, announced the dismissal of 2152 employees in its plant in Gorj county. The restructuring will fully unfold by 12 May 2026, following three consecutive waves of job cuts: 1400 fixed-term contracts ended on 1 April, 452 indefinite-term staff were dismissed on 12 May, and 300 direct dismissals were effective 1 May.
The company cited mounting financial losses and soaring CO2 certificate costs as the driving forces behind the layoffs, with a strategy to limit compulsory compensation payments.
Dismissals were carried out through contract expiries for the fixed-term cohort and direct terminations for the remaining staff, with no collective lay-offs reported.
At the end of 2024, the company has a workforce of 8565 employees.
Eurofound (2026), Complexul Energetic Oltenia, Internal restructuring in Romania, factsheet number 300266, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300266.