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Collective layoffs at one of the largest companies in Romania

A program of collective layoffs was approved by Electrica, in force until December 31, 2019, an annnoucement sent to Bucharest Stock Exchange (BVB) informs.

The decision was taken in order to streamline the company’s activity by correlating the number of indirect productive employees with the number of direct productive ones.

“The number of employees who will be laid off through the collective layoff program and the detailed implementation plan will be established together with the social dialogue partner according to the legal provisions in force,” the document reads.

At the same time, Electrica informed its shareholders about the business transfer agreements between each of the electricity distribution subsidiaries within the Electrica group (Societatea de Distribuţie a Energiei Electrice Muntenia Nord SA, Societatea de Distribuţie a Energiei Electrice Transilvania Nord SA, Societatea de Distribuţie a Energiei Electrice Transilvania Sud SA) and Societatea Filiala de Întreținere și Servicii Energetice Electrica Serv SA that were signed.

The activities transferred at the level of each distribution subsidiary are maintenance and investments, design, procurement and logistics.

“This transfer is part of the reorganization plan of the distribution activity, which aims to implement a new target operating model for the distribution segment, based on redesigned processes (including internalized activities), focusing on the efficiency and quality of customers services, on the achievement of the investments plan and on cost reduction and cost control,” the announcement notes.

 

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