EMCC European Monitoring Centre on Change

Colterm Timisoara

Company/Organisation:
Colterm Timisoara

Geographic Location

Country: Romania
Region: Timis; Vest
Location of affected unit(s): Timisoara, Timis county, West region

Company

Sector: Utilities
Electricity, gas, steam and air conditioning supply
35.3 - Steam and air conditioning supply
Number Employed: 1075

Employment Effects

Announcement Date: 19-12-2011
Planned Job Reductions min: 100
Planned Job Reductions max: 100
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-03-2012
Direct Dismissals: 100

Additional Information

Colterm Timisoara, a provider of steam and hot water, announced to dismiss more than 100 employees. The redundancies will be implemented from March 2012.

The main reason for the dismissals invoked by the company is the decrease of the market demand by 10% as a result of households ‘disconnecting from the company network' and installing own thermal micro-centrals.

At present, the company has 1,075 employees.