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.
Termoelectrica, a Romanian state-owned power generation company, will dismiss 500 employees in 2012. 200 jobs are to be cut in June and another 300 by the end of November 2012. The cuts will affect Termoelectrica's workforce in the Bucharest region.
The restructuring programme was announced by the Romanian Government as part of an agreement concluded with the International Monetary Fund, the World Bank and the European Commission.
Eurofound (2012), Termoelectrica, Internal restructuring in Romania, factsheet number 73854, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73854.