Romanian Authorities Set Up Strategy For SNLO
Romanian authorities will continue to lay off staff at coal mining company SNLO, cease underground activity, remove positions created through direct employment and send staff into furlough, while also aiming to get a price for lignite on the bourse.
The restructuring measures decided for SNLO, one of the two state-owned mining companies, are included in a government document, obtained by MEDIAFAX, and were discussed with representatives of the International Monetary Fund in fall this year.
For this year, the government has decided to lay off 300 persons from SNLO, out of a total 8.985 employees.
Betweeen 1997 and 2006, the company laid off 21,156 people, and another 800 jobswere cut over the past two years.
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