Three counties expected to lay off 9,000 employeesPublish date: 06-11-2008
Iasi, Mures and Cluj counties in northeastern, central and northwestern Romania, respectively, are leading by far in terms of top layoffs estimated by officials of the Ministry of Labor for the coming two months. According to data provided by the National Agency for Employment (ANOFM), almost half of the more than 17,700 future unemployed will come from the three aforementioned counties.
This same source indicated that three quarters of the layoffs will come from private capital companies and 20 percent from state companies. Fields in which employers have so far announced or requested information about layoff regulations are automotive and equipment production, construction, wood processing and furniture manufacturing, the textile industry, and agriculture.
Some 2,000 employees will lose their jobs in car and equipment factories, over 1,500 in the construction sector, more than 900 in the wood industry, and over 800 in textile factories. According to ANOFM data, the layoff wave forecast for the coming two months will exceed the number of layoffs made in the first half of the year in the entire economy.
- Insurance market stagnated in 2013 while GDP chare dropped to 1.3%
- The Romanian Leasing Market as of December 31, 2013
- Millennium Bank reports best results since its launch, helped by stronger banking income and cost cuts
- BCR cheapens First Home loans and lowers interest loans for loans in lei
- Millennium Bank's new Salary account clients receive up to 600 lei bonus and their utility bills' payment
- GarantiBank and Seamless introduce SEQR in Romania: the newest mobile payment solution
- Bancpost telecom services, now provided exclusively by Romtelecom and COSMOTE Romania
- Millennium Bank cards offer discounts in Domo stores
- BCR Supervisory Board reshuffles Management Board
- NBR decide to lower the monetary policy rate to 4.25 percent per annum
- Common appointments in Romtelecom and COSMOTE Romania
- Up to 5.5% annual interest rate for Millennium Bank's promotional three-month lei deposit
- Eurozone in recovery mode but gap between North and South still widening
- UniCredit Tiriac Bank and RBS Romania announce the successful completion of the retail clients' migration
- Millennium Bank grants First House loans in lei