Brokerage companies lay off staff amid Stock Exchange crisis
Brokerage companies are facing increasingly significant problems, given that Stock Exchange declines are keeping investors away from the market, and that the value of transactions has gone down by over 60% against a year ago.
unprofitable, with incomes of agents that provide financial investment services declining significantly compared with a year ago.
"I did not set out to do any restructuring, but non-profitable agencies close automatically. If an agency incurs losses for three months running, I close it down (…)," says Nicolae Ghergus, chairman of Confident Invest.