Romtelecom, the largest fixed telephony operator on the market, let 1,900 people go in the first nine months of this year, the harshest round of layoffs the company has implemented in recent years, in a move to streamline its operations.
The operator has been carrying out evaluations of employees since the beginning of the year to decide who stays and who leaves the company. Until now, RomTelecom has let one in four employees go, after evaluating more than 8,000 of the 12,500 staff that the company had at the beginning of the year. "More than 8,000 employees were evaluated, through three types of evaluation carried out in parallel over the span of several months. We are now conducting evaluations for the rest of the staff, which includes the human resources and the financial department," Anca Georgescu, Romtelecom's HR executive, who manages the streamlining of the operator in terms of human resources, told ZF.
The number of employees set to leave Romtelecom will not exceed 2,500, which means that layoffs conducted over the coming months will not exceed 600. The company allocated more than 30 million euros for the restructuring process that entails streamlining of processes at all levels of the organisation. The process that Romtelecom is going through will cut the number of employees by 20%, which is the harshest restructuring implemented by the operator in recent years. BCR announced a similar move, which will see a number of jobs cut by the end of the year, in a move to boost operating efficiency.
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