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 - Electricity, gas, steam and air conditioning supply
800 jobs Number of planned job losses
Announcement Date
18 June 2007
Employment effect (start)
Foreseen end date
31 August 2007
Description
YThe Autonomous Reggie for Thermal Energy Distribution Bucuresti (Regia Autonoma de Distributie a Energiei Termice, RADET) announced the intention to dismiss 800 employees by the end of summer.
In present, RADET has 5,041 employees after two steps of restructuring and 2,000 persons dismissed in the last two years.
The new dismissals are the result of the restructuring process involving modernisation and rehabilitation of the thermal energy distribution network in Bucharest.
The company is managing one of the biggest distribution network in the world, with a total length of 2,400 kilometres, the second being the Moscow network.
Eurofound (2007), Regia Autonoma de Distributie a Energiei Termice, Internal restructuring in Romania, factsheet number 65519, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65519.
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