Romanian Times reported that Romania will fire more than 10,300 railway employees in the near future.

According to a draft decree drawn up by transport ministry, those dismissed will get double their average net wage in severance pay and unemployment compensation for 20 to 24 months. The decree provides for the lay offs by December 31st 2012.

Transport ministry said that the dismissals are necessary as the economic crisis has deeply affected the railway sector. Railway transport demand began to decrease in autumn 2008 and plummeted in 2009.

(Sourced from www.romaniantimes.at)