As austerity measures deepen, the Romanian Railways Company (CFR) has revealed it will be continuing its restructuring and reorganization. In a public statement, CFR said this would include layoffs, which would be carried out according to current labor code guidelines and which would effect 1,050 employees at the company. In addition, 50 employees from Travel CFR and an additional 43 employees of CFR – GEVARO would be losing their jobs. The new measures follow an agreement between the Romanian government and the International Monetary Fund, which is monitoring the country’s finances closely. Labor leaders have threatened industrial action, claiming they were not informed or consulted.
