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Frozen salaries... for good

RBT editia nr. 33/Iulie 2009 Articol adaugata la, 01 Iulie 2009 ( RBT )
Afisari: 261

 

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The employees of the Bucharest and Constanta branches of Romania’s national railway company CFR staged a spontaneous protest last month, demanding the payment of back salaries for May. Protests blocked tens of trains, causing further financial problems to CFR, as stated by the management of the company.

The short strike came after the railway unions and the Ministry of Transports and Infrastructure had reached an agreement which stated that salaries were to be frozen for this year, 3.700 employees would be dismissed and further 4.000 would see their bonuses slashed.

Further turmoil is expected, since the compromise agreement will not generate enough cutbacks on the expenses side in order to compensate the much lower revenues of the state railway companies. Confirming this, CFR Calatori, the national passenger carrier, announced that it needs to access a credit line in order to put its finances back in order. However, such solutions will only postpone the same result - that is total collapse - that can only be avoided if the state takes decisive actions and recapitalizes the railway companies with sums on the order of billions of RON.



Articole RBT - English review - Nr. 33/Iulie 2009
 
•  New negative forecasts for the airlines
•  Frozen salaries... for good
•  Anti-crisis solution paying subsidies 60 days late
•  Global standards for port training
•  Local measures for a global crisis
•  Fewer but higher taxes from the Road Authority
•  Romanian car services accuse insurer Omniasig of illegal contract clauses
•  Good response to the 2009 Marco Polo call
•  Amicable report in case of accident: fewer fines, but higher insurance costs
•  Steady downtrend for jobseekers opportunities
•  New logistics terminal for Gebruder Weiss
•  The new Dynafleet, a solution for instant locating cargo
•  European motorways of the seas will pass through Constanta
•  Better fiscal regime for ship management companies
•  All the bridges older than 40 years should be consolidated
•  Companies may take part in car park renewal programme
•  Mutual cheating














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