Romanian state companies must freeze employment, writes draft budget

25 November 2010

Romanian state-run companies and autonomous departments are compelled to freeze hiring next year so they do not exceed the number of employees allowed for 2010, according to the final form of the country’s 2011 draft state budget, quoted by Mediafax newswire.  According to the document, state-owned companies that register losses or receive subsidies from the state budget are compelled to limit salary expenses at this year's level.

State companies or departments that posted profit in 2010 can increase wages, but the increase level should not exceed the inflation rate estimated for 2011. The draft budget estimates the inflation rate will be of 5.3 percent next year.

Mediafax

Normal

Romanian state companies must freeze employment, writes draft budget

25 November 2010

Romanian state-run companies and autonomous departments are compelled to freeze hiring next year so they do not exceed the number of employees allowed for 2010, according to the final form of the country’s 2011 draft state budget, quoted by Mediafax newswire.  According to the document, state-owned companies that register losses or receive subsidies from the state budget are compelled to limit salary expenses at this year's level.

State companies or departments that posted profit in 2010 can increase wages, but the increase level should not exceed the inflation rate estimated for 2011. The draft budget estimates the inflation rate will be of 5.3 percent next year.

Mediafax

Normal

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