EMCC European Monitoring Centre on Change

Tarom

Company/Organisation:
Tarom

Geographic Location

Country: Romania
Region: Bucuresti; Bucuresti
Location of affected unit(s): Bucuresti

Company

Sector: Transportation / storage
Transportation and storage
51 - Air transport
Number Employed: 1773
Group: Tarom

Employment Effects

Announcement Date: 26-08-2019
Planned Job Reductions min: 300
Planned Job Reductions max: 300
Type of Restructuring: Internal restructuring
Employment Effect Start: 26-08-2019
Foreseen End Date: 31-12-2019
Direct Dismissals: 300

Additional Information

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: