EMCC European Monitoring Centre on Change

Societatea Naţională de Transport Feroviar de Marfă (CFR Marfă)

Company/Organisation:
Societatea Naţională de Transport Feroviar de Marfă (CFR Marfă)

Geographic Location

Country: Romania

Company

Sector: Transportation / storage
Transportation and storage
49.20 - Freight rail transport
Number Employed: 8876
Group: CNCF CFR

Employment Effects

Announcement Date: 21-11-2013
Planned Job Reductions min: 2500
Planned Job Reductions max: 2500
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2014
Foreseen End Date: 31-01-2014
Direct Dismissals: 2500

Additional Information

State-owned rail freight company CFR Marf? is to cut 2,500 jobs in 2014.

As announced, the Romanian Government promotes a cost-cutting restructuring programme envisaging, among other measures, a job reduction plan aimed at decreasing operating losses.

According to media reports, a recent privatisation effort encountered obstacles but a new plan is to be implemented by 2015.

For previous restructuring events see CFR Marf? -2010 and CFR Marf?-2009.