Type
Internal restructuring
Country
Romania
Region
Bucuresti; Bucuresti;
Location of affected unit(s)
Bucuresti
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport

300 jobs
Number of planned job losses
Job loss
Announcement Date
26 August 2019
Employment effect (start)
26 August 2019
Foreseen end date
31 December 2019

Description

The Romanian public air transport company Tarom announced the intention to dismiss 300 employees by end of the year. The company is cutting 300 jobs from the commercial, procurement and economic departments as well as some managerial positions. The measure is part of a restructuring programme promoted by the new management of the company in order to diminish financial losses which amounted to 182.8 million lei (€38.67 million) in 2018.Currently, Tarom has a workforce of 1,773 employees.


Sources

Citation

Eurofound (2019), Tarom, Internal restructuring in Romania, factsheet number 98353, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98353.