Limun.hr - SIF Moldova Plans Staff Cuts, Interested in Romgaz IPO

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SIF Moldova Plans Staff Cuts, Interested in Romgaz IPO – Media

8.6.2012 10:01:00 | Author/Source www.seenews.com

Romanian investment fund SIF Moldova [BSE:SIF2] plans to lay off 40% of its employees this year in a bid to cut costs, local media reported.

The restructuring will allow the fund to cut costs for salaries by 32% this year, Bucharest-based daily Ziarul Financiar (www.zf.ro) quoted SIF Moldova managing board member Valentin Ionescu as saying.

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