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Economic

Romanian SNLO To Lay Off 300 People By Yearend

Romanian state-owned mining company SNLO, one of the main coal suppliers for thermal power plants, will lay off 300 employees by the end of the year.

Andrei Cîrchelan · 6 decembrie 2011 · 1 min de citit

The company has some 9,000 employees in total.

The employees laid off will recieve compensation pay, according to the explanatory not of an Economy Ministry decision.

The layoffs at SNLO are a part of the collective layoff plan established by the Government, which would result in the dismissal of some 1,500 employees from state-owned companies.

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