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March 4, 2021
BUSINESS

CFR modernisation will also bring layoffs

The plan for the modernisation of CFR SA also involves restructuring, but, at this point, there is no specific figure in place, company General Manager Dimitris Sophocleous said yesterday, suggesting that the layoffs would target primarily administration and support&maintenance staff. “There are too many bosses, directors, assisting directors and very few rail workers. We will review every single position in this company and make a decision based on that. There is no specific figure,” Dimitris Sophocleous said. CFR SA closed 2012 with an operating loss of RON 550 M and an accounting profit of RON 1 bn, Dimitris Sophocleous further said. “The company does have a profit from an accounting point of view – RON 1 bn. From an operating point of view, on the other hand, it has a loss of RON 550 M. It’s a major difference,” he added. The director of CFR SA stressed that he was already working on short and long-term measures to balance the operating situation of the company.

 

 

The official will also talk to the representatives of the Embassies of the USA and Israel to identify solutions for curbing the theft affecting railway infrastructure that, last year, stood for damages worth over EUR 10 M, according to Mediafax.

The head of the company that manages the rail infrastructure said there was a security project entailing annual expenditure of RON 22.5 M, money that will be provided by the Ministry of Interior. On the other hand, he added he didn’t know how long it would take to implement the procedure, for which reason there must be a plan B. The head of CFR SA said that, based on his information, the punishments for the theft of rail infrastructure components had been casehardened. Seventy per cent of the theft now happens along the Bucharest-Constanta route.

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