Lay offs in the public sector are coming to Romania

In Romania there are approx. 1,4 million public sector employees while there are approx. 4 million employees in the private sector. Due to the recession that Romania is facing for the past 6 months, the income to the state budget as dropped significantly forcing the government to use the second loan from IMF to cover the costs for wages and pensions. The government is under surmounting current costs (the budget deficit has soared to almost 7.3% this year expected 8% by the end of the year)  and conditioned by IMF has pledged to cut costs immediatly. Several public institutions have been merged or restructured forcing  around 9000 jobs to be closed. Moreover, starting with September all the public sector employees will be kindly asked forced to take a two weeks not-paid holiday. All the effort to save 1bn euro by the end of the year. You can imagine that these days all the main stream media is boiling with this information.  Without the electoral year (presidential elections are in Autumn) the measures to cut expenses would have been much harsh (hint: massive lay offs)