





Bechtel says lack of funding perspectives for 2010 forces it to lay off 700 people
According to the company, the amount of work for the December 2009-April 2010 period was insufficient and employees were paid 75% of the base salary.
A decision was made to keep about 1,200 employees, with another 700 to be made redundant, Bechtel said.
Project manager Michael Swinford said talks would be held with representatives of the Romanian state to find a solution to return to the normal schedule of works.
Bechtel first announced about plans to limit its activity at the Transylvania Highway in February because of late payments for the works.