09.25.2024

Schaeffler Romania, the local subsidiary of Germany’s Schaeffler Group, is planning to implement a number of cost cutting solutions soon, as four years after the pandemic, the automotive industry is more

04.28.2021

The Bucharest National Airport Company (CNAB), which manages Bucharest’s two international airports, Henri Coanda - Otopeni) and Aurel Vlaicu- Baneasa, will be starting procedures to implement more

08.07.2020

The National Employment Agency (ANOFM) said in a press statement that it has managed to attract European funds worth over EUR294 million in order to support furlough measures. more

07.01.2020

Around 60,000 employees in the Romanian auto industry, accounting for roughly a quarter of the total, remain on furlough due to low demand and lack of orders as production was resumed at a lower pace more

06.03.2020

Romania's labor ministry paid approximately RON2.8 billion by the end of May to cover the wages of approximately 1.8 million furloughed employees, minister Violeta Alexandru said Wednesday. more

06.03.2020

Romanian carmaker Dacia, owned by France's Renault, has placed 1,100 employees back on furlough for the entire month of June citing lack of orders. more

05.27.2020

The number of contracts ended or the number of people out of a job since the start of the lockdown is now 411,000, Labor Ministry data show. The number of furloughed employees has dropped by more than more

05.11.2020

Romanian prime minister Ludovic Orban said Monday the government would continue to cover furlough payments until at least June 1, as the country is preparing to lift its state of emergency and more

04.23.2020

Romanian state airline Tarom was looking into putting its 2,000 employees on furlough after company activity dropped 95% due to he coronavirus crisis, according to company sources. more

04.21.2020

The number of contracts suspended, that is employees furloughed, has dropped by almost 130,000 since thy peak of April 9, to some 902,000 on April 16, Labor Ministry data show. more

04.16.2020

Bacau-based PVC trim, window rolling shades and garage door manufacturer Electric Plus has furloughed 200 of the 300 employees in its plant and is only working at 30% capacity. more

04.13.2020

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04.03.2020

An estimated one million Romanian employees would benefit from government-subsidized furlough pay, labor minister Violeta Alexandru said Friday. more

04.03.2020

One in five employees in Romania's manufacturing industry, the biggest sector by number of jobs in the country's economy, had been put on furlough by April 2 due to activity halts promoted by the more

03.30.2020

Footwear manufacturer Denis group, based in Suceava, which also has retail operations under the brand Anna Cori, has shut down its production facility and stores indefinitely due to the coronavirus more

03.26.2020

Medlife, the leader of the private medical services market in Romania, said Thursday it was halving the salaries of its management team for 45 days and sending all non-critical personnel on furlough more

03.25.2020

Entrepreneur Radu Ciurtin, one of the best-known entrepreneurs in Romania’s food industry and the man who took dairy business Albalact to more than EUR100 million revenue and then sold it to more

03.18.2020

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03.17.2020

Employees of Ford's car assembly plant in Craiova, southern Romania, will be forced to go on furlough between March 19 and April 5 due to the coronavirus epidemic, union representatives said Tuesday. more

07.26.2013

Romanian state-owned chemical plant Oltchim Ramnicu-Valcea (OLT.RO) said Friday it will put 715 employees on furlough between July 29 and September 8 because of lack of working capital and raw more

08.24.2012

The management board of Romanian chemical plant Oltchim Ramnicu-Valcea (OLT.RO) on Friday decided to abandon its plan to put 506 employees on furlough for a month, the company said in a statement. more

08.24.2012

Some 250 employees of Romanian chemical plant Oltchim Ramnicu-Valcea (OLT.RO) protested in Pitesti Friday over the company’s decision to put 506 employees on furlough between August 27 and September more

02.01.2012

Romanian chemical company Oltchim (OLT.RO) will keep 840 on furlough throughout February as well, continuing a measure taken over the past six months for lack of raw materials and working capital. more

12.20.2011

Romanian chemical company Oltchim (OLT.RO) will maintain 993 employees on furlough in January 2012, continuing a measure taken over the past five months for lack of raw materials and working capital. more

11.25.2011

Romanian chemical company Oltchim Ramnicu-Valcea (OLT.RO) will keep some 1,000 employees on furlough in December as well, for the fifth consecutive month of furlough, because of raw material and more