Tender Energetic Co. to cut about 500 jobs by the end of the year

Tender Energetic Co. to cut about 500 jobs by the end of the year

Up to 500 employees of Tender Energetic Group, managed by businessman Ovidiu Tender will be dismissed by the end of the year, due to the economic crisis.

At present, Tender Energetic Group has over 2,300 employees, being one of the most important employers in the country. Due to the financial crisis, which has put the stamp on our field of activity, we need to review group companies, which will lead to the cut of 300-500 jobs, by the end of 2009, said Peter Eisenkolb, the Austrian manager of Vulcan International, the company that manages GET, in an interview for NewsIn agency.

According to Peter Eisenkolb, the strategy of the energetic group is based on three important directions: substantial rise in sales, according to the vast capacity of production, long-term partnerships with top energetic and environment equipment producers, in Europe, Russia and U.S., cut of costs and rise of productivity.