BUSINESS

People laid off from Romsilva, Socep Constanta

The economic crisis is also affecting the forestry sector. The dropping wood price and sales figures are making Romsilva proceed to lay-offs. More than 200 forestry workers in Suceava, the county with the largest area of forested land, will be mad redundant in the coming period, Realitatea TV informs. More exactly, 15 per cent of the almost 1,500 employees of the Forestry Directorate will be laid off next month. The Board of Directors of port operator Socep Constanta approved, on Monday, a restructuring programme according to which 126 workers representing 21.6 per cent of the total number of employees will be laid off by June 1, according to a company statement sent to the Stock Exchange yesterday. ‘The measure is motivated by the drastic decrease of activity at the containers terminal which, in Q1 2009, recorded a 43.2 per cent smaller traffic compared to Q1 2008’, reads the statement. The Chief Economist of the International Monetary Fund (IMF), Olivier Blanchard, has recently warned that unemployment would continue to grow for another year, possibly a year and a half, and added that it would take a long time before things get better and figured go back to acceptable levels.

While some companies are terminating their employees, Bechtel, on the other hand, have hired back 660 workers for the construction of the Transylvania Motorway. Another 300 will join them this week.

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