News » January, 2011 » 25 January 2011
Romanian State-Owned Railway Companies’ 2011 Budgets Entail Sacking 5,588 Employees
25.01.2011, 15:58 | Transportation | 2075 views
The 2011 budgets of Romanian state-owned railway companies CFR Marfa, CFR Calatori and CFR SA say 5,588 employees will be sacked and staff expenses will be cut by 21.8%, 6.5% and 11.6% respectively, according to three draft Government decisions drawn up by the Transport Ministry. According to latest data, the ministry plans to lay off about 7,300 employees of the three railway companies. The staff expenses of freight carrier CFR Marfa will drop 21.8% to 336.6 million lei (EUR1=RON4.2621) from RON430.58 million, and its salary fund by 21.9% to RON255.56 million, from RON327.5 million. Read more on Mediafax.ro
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