The Transport Ministry (MTI) plans to lay off between 7,100 and8,300 employees of state-owned railway companies, which, togetherwith other expense cutting steps will generate savings of 788m RON(187m euros) in 2011 compared with this year.
According to the railway company restructuring strategy, the volumeof redundancies will depend on employees' willingness to give upsome of their rights.
A number of 2,075 employees will be made redundant at CFR Călători.As a result, the company's expenses will shrink by 7m euros thisyear and by 15.5m euros in 2011. The company in the first half sold29.8 million tickets, down 12.8% from a year ago.
CFR Marfă will see between 3,400 and 4,600 employees leave. Thisstep and others will cut the company's expenditures by 300m RON(71m euros) in 2011.
MTI has finalised the privatisation strategy for CFR Marfă and in2011 will auction its entire stake.
The lowest headcount reduction will be operated in the case of CFRSA, with 1,630 people set to leave. The company will see itsexpenses go down by 105.4m RON (25m euros) this year and by 288mRON (68m euros) next year.
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