Hidroelectrica to exit from insolvency in June

The official receiver of Hidroelectrica, Remus Borza, announced that the company would exit from insolvency on June 26^th. It seems however that in the next period 650 employees will be made redundant. “Branches would be reorganized and then other 300 people would leave from Hidroelectrica by June 26^th. There are also 300 employees from micro hydropower stations to leave by the end of the year if such stations are sold”, Decebal Sulea, President of Hidrosind, stated. Hidroelectrica employees will participate next Saturday in a protest meeting in Bucharest.