Hidrolectrica Downsized To 7 Branches Out Of 13, Wage Spending Drops By EUR6M

06.05.2013 By Oana Gavrila

Romania’s insolvent state-run power producer Hidroelectrica has been restructured and downsized to seven out of 13 branches, and will cut 300 jobs, lowering the company’s spending on salaries by around EUR6 million, the company said in a statement Wednesday.

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Keywords:
HIDROELECTRICA
, RESTRUCTURING
,