The Romanian National Bank (NBR) will layoff part of its staff, in order to help modernize the oversight operations, Adrian Vasilescu, advisor to the Governor of the NBR said yesterday, as part of the EU -COFILE seminar held in Sinaia. "So far, we haven"t discussed any numbers, just the principle of the idea", Vasilescu said, who added that this would be the fifth restructuring of the institution, which concerns the alignment to the standards of the European Central Bank (ECB).
The governor"s advisor said that this concerns the modernization of the oversight activity, just like at the ECB, where the surveillance focuses on the central headquarters, and the local branches of the NBR will have as their main objectives the collecting of statistical information, the distribution of messages concerning the monetary policy to the media, the business and the academic environment, as well as improving the relationships with the business and academic environment.
"We have gone from 6,000 employees to 1,500, but then a new reorganization was required and we went to over 1,600 employees. In 2003, the cashiers were laid off because until then, money would be counted by hand, and now we have special equipment for doing that", Vasilescu said, in reminiscing the stages of the restructuring of the Central Bank.
The NBR official also said that the goal of this restructuring "is not to lay off employees, but rather to modernize the bank"s operations".