The reduction of management positions by at least 30% and directors by 50% is one of the measures that will be applied to the Bucharest transport company STB, as part of the restructuring plan approved by the Board of Directors, considering that the debts amount to 1.6 billion lei.
Half of STB's directors will be fired. Archive photo
“Financial Stabilization and maintaining the public transport service in decent conditions for the population I'm priority zero”STB informed on Friday, stating that the company's management came up with a 12-step recovery plan, approved by the Board of Directors.
1. Reduction of management positions by at least 30% and directors by 50%. An economy of about 400,000 lei per month will be made;
2. The temporary reduction of the working week to four days for certain categories of staff, without affecting the transport activity. It is about the management staff and TESA. Bus drivers, trolleybus drivers, porters, depot and depot employees (maintenance staff, foremen) are exempt. The financial impact is over 7.3 million lei per month;
3. Stop hiring and maintain the suspension of promotions, except for personnel essential to operation;
4. Reduction of overtime and consecutive hours by 7%. Financial impact: 385,000 lei per month;
5. Voluntary severance and reorganization programs. Financial impact: between 7 and 8 million lei per month;
6. Optimizing access and withdrawal routes;
7. Updating the tariffs so as to reflect the economic realities and the real costs of the public transport service;
8. Increasing the degree of compliance and discouraging travel without a valid transport ticket;
9. Re-analyzing the gratuity policy to ensure the balance between social protection and the financial sustainability of the public service;
10. Additional public transport for public events will be provided exclusively on the basis of contracts and will be provided against cost, capitalization through advertising of the tourist line;
11. Elimination of inopportune expenses;
12. Scheduling of Indebtedness. The debt to ANAF currently amounts to over 1.4 million lei.
The general manager of STB: “The company faces a liquidity deficit, with very high fiscal obligations, which put pressure on the local budget”
“The proposed measures aim to reduce expenses, increase revenues and strengthen financial sustainability, without interrupting the public transport service. STB faces a liquidity deficit, with very high tax obligations of 1.6 billion lei, which put pressure on the local budget. Their implementation will be carried out in consultation with the social partners and in compliance with the legal framework. The company's situation is not an easy one. In recent months, we have worked intensively, analyzed thousands of options and held numerous discussions to identify complementary solutions that would put society back on its feet and protect jobs in the long term. Our responsibility is to keep public transport working and accessible, and this plan aims to stabilize the company and create a sustainable foundation for the future. We want all the colleagues who assume the direction of modernization and efficiency of the company to find themselves on this path and to build together the future of STB”stated Andrei Dinculescu-Bighea, general director of the Bucharest Transport Society (STB).
The 12 proposed measures were approved by the company's Board of Directors and will follow the legal stages of implementation during this year.
Currently, STB's total debts amount to 1.6 billion lei.
The general mayor of Bucharest, Ciprian Ciucu, declared on Monday evening, after analyzing the organizational chart and management processes of the Bucharest Transport Company (STB), that approximately 250 economists and almost 200 directors and heads work within STB.
