Bechtel lays off 700 due to lack of financing

Bechtel will lay off 700 of the roughly 2,000 employees who work on the Transylvania Motorway due to lack of financing and delays in payments for the works carried out in 2009, reads a release of the US contractor. 'The employees hit by the collective redundancy decision will get the equivalent of two monthly salaries in compensation payment,' reads the Bechtel release. Company representatives argue that the consultations held with trade union representatives in the past ...

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