Redundancies and increased labour efficiency
The largest private employer in Romania in late 2007 was Petrom, with close to 30,000 employees, which was nonetheless 3,200 less than one year before. In 2007, Petrom took over Petromservice company, with 9,800 employees. Petrom’s employee base reached 34,120 in mid-2008.
Some companies will continue to shed labour this year as well. Romtelecom, the main landline phone operator in Romania, is currently undergoing its toughest restructuring process of the past years that will lead to a cut of 2,500 employees throughout the year. As of end-2006, the company was employing more than 12,800 employees, being the fourth largest private operator. BCR, the largest bank in Romania’s banking system, is said to continue to boost its operational efficiency, which entails staff redundancies.