Romania's Transport Ministry to reduce costs by laying off 10% of employees

The Romanian Transport Ministry will undergo a restructuring process in order to reduce costs which will result in laying off some 10 percent of its employees, Relu Fenechiu, the Romanian transport minister, told Mediafax.“I have set the goal to come up with several solutions...
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E-mail article Print Save Additional News in English Još vesti na Srpskom Επιπλέον ειδήσεις στα Ελληνικά Text

Romania's Transport Ministry to reduce costs by laying off 10% of employees



Simona Bazavan - Business Review - 11.01.2013

The Romanian Transport Ministry will undergo a restructuring process in order to reduce costs which will result in laying off some 10 percent of its employees, Relu Fenechiu, the Romanian transport minister, told Mediafax.

“I have set the goal to come up with several solutions to cut costs, one of which is this (e.n. laying off people). The target is 10 percent, I don’t want it to be higher although the ministry’s structure is complex,” he told Mediafax, without giving an actual timeline for reaching this target. There are some 520 people working within the ministry at present.

Source: business-review.ro

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