The distributor and supplier of energy Electrica SA has budgeted £ 6.5 million for severance payments related costs of redundancies, according to project income and expenses approved by the Government and published in the Official Gazette. Total estimated expenditure for the year amounted to 713.8 million lei.
For central office of the company is working 202 people, but staffing is projected for the end, of 172, 30 fewer employees. Not exclude layoffs occur at the company's subsidiaries.
Also Electrica SA estimates for this year a net profit of 24.6 million and total revenues of 749.2 million lei. Compared Electrica SA reported 2012 net profit of 15.3 million and total revenues of 685.3 million lei.
Investment expenditures budgeted for this year is 390 million.
Average monthly earnings per employee amounts to 5.342 lei.
Electrica SA is one of the most profitable companies in the state, has about 3.5 million customers and 11,000 employees.
Electrica Transilvania Nord has distribution subsidiaries, Southern Transylvania and Muntenia Nord, the rest being privatized networks during 2004-2006. Electrica SA administered in total 6600 km of 110 kV overhead lines and 44,000 km of medium voltage lines, of which 34,000 km of overhead lines.
The state sells 51 % stake it holds in Electrica SA by listing on the stock exchange operation that will be done through a share capital increase in April next year.