"The atmosphere iscompletely different now," says Sorin Sofian, general manager ofTCA Logistica, a top five courier on the market, who expects a 4%profit margin for this year, after he describes last year as havingbeen a "big chaos" and "the first year the company ended withlosses". TCE Logistica, part of RTC Holding group controlled byOctavian Radu, ended last year with 19.5m-euro turnover, from 17meuros in 2008, but went into the red. The company's representativesdid not specify the value of losses, though. The company underwentrestructuring after acquiring Curiero brand last year did a stockswap with domestic courier company Curiero. In the wake of theprocess, 650 people were laid off. TCE Logistica thus reached 1,150employees, from 1,800 in 2008. Moreover, TCE Logistica head gave up400 of its 800 vehicles last year, with part of them being retunedto the leasing firms the company works with. After all these stepstaken, Sofian says he is not sure what 2010 will bring for thecompany.
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