Romanian power producer Hidroelectrica has lost over 1,800 employees since entering insolvency in June 2012. Over 800 of them were laid off, whereas the others left due to retirement or resignation.

During this period, the company has made compensatory payments of EUR 4.7 million.  Less than half of the laid-off employees could sign the payment conventions, receiving over EUR 12,700 on average.

The company now has over 3,500 employees. Hidroelectrica laid off most people in 2013, one year after entering insolvency.

The company has hired 141 people since 2012, 40 of them in October this year.

editor@romania-insider.com