Location of affected unit(s):
Timisoara, Timis county, West region
Electricity, gas, steam and air conditioning supply
35.3 - Steam and air conditioning supply
Planned Job Reductions min:
Planned Job Reductions max:
Type of Restructuring:
Employment Effect Start:
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.