“I’m not very optimistic. I expect employees to further cut staff members as well as to optimize activity of the remaining employees”, said Mirela Marinescu, HR manager at human resources company APT Resources & Services.
In early 2009, managers and entrepreneurs had to face the economic reality – the crisis would soon erupt in Romania, aggressively impacting the operations of local and multinational companies. But an anti-crisis plan was created. Industry’s tycoons scaled back their expansion drive and decided to preserve the most profitable business lines, cutting and chopping every overhead expense that could send them out of business. At first, the companies cleaned up the flow-chart, and subsequently, laid off employees whose work was dispensable to the company. HR budgets suffered drastic cuts. The salaries of the remaining staff members were put on ice unlimitedly, as well as any employee perk.
