Romania to lay off 60,000 in public sector
July 1st, 2010 - 9:36 am ICT by IANSBucharest, July 1 (IANS) In a bid to cut administrative costs, the Romanian government has decided to lay off 60,000 public sector employees.
As many as 54,000 people will be laid off in local governments, while the rest will be dismissed from the ministries of interior, labour, education and agriculture, Interior Minister Vasile Blaga said after an emergency meeting held Wednesday night.
The move is part of the government’s measures to keep the budget near the target of 6.8 percent of the gross domestic product (GDP) stipulated in the agreement with the International Monetary Fund (IMF) for new loans, Xinhua reported.
Romania is in a deep recession and signed a 20-billion-euro IMF-led rescue loan in 2009 in a bid to overcome the crisis.
- Greece to receive new IMF aid in July: French PM - Jun 22, 2011
- IMF approves 30-billion-euro loan to Greece - May 10, 2010
- Spain's economy will shrink in 2012: IMF - Jan 25, 2012
- Greek government survives trust vote - Jun 22, 2011
- Greece receives $17.9 bn bailout loan from EU - May 18, 2010
- IMF approves another bailout tranche for Greece - Dec 06, 2011
- Romania says its vegetables safe for consumption - Jun 07, 2011
- Europe agrees to 1 trillion euro fund for new bailout plan - Oct 27, 2011
- Mass grave from Holocaust era found in Romania - Nov 06, 2010
- Joblessness climbs in Spain - Dec 03, 2010
- IMF pledges 'multi-year' support for Greece - Apr 12, 2010
- Spain to cut taxes on small business - Dec 02, 2010
- Greek PM resigns; polls set for February - Nov 07, 2011
- Romanian prime minister resigns - Feb 06, 2012
- Greece poised for further spending cuts - Feb 06, 2012
Tags: administrative costs, agriculture, blaga, bucharest, gdp, gross domestic product, interior minister, international monetary fund, international monetary fund imf, july 1, labour education, local governments, public sector employees, recession, romania, romanian government, target, vasile, wednesday night, xinhua