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.
Electricity 35 - Electricity, gas, steam and air conditioning supply 35.1 - Electric power generation, transmission and distribution 35.13 - Transmission of electricity
110 jobs Number of planned job losses
Announcement Date
1 July 2011
Employment effect (start)
Foreseen end date
31 August 2011
Description
The Romanian government has announced that the state-controlled electricity provider Electrificare CFR will lay off 110 employees as part of the action plan agreed with the International Monetary Fund (IMF), the World Bank and the European Commission in order to decrease the state budget deficit.
Sources
1 July 2011: Ziarul Financiar
Citation
Eurofound (2011), Electrificare CFR, Internal restructuring in Romania, factsheet number 72220, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72220.