The government approved, in its meeting on Tuesday, a memorandum regarding the exemption of the Complexul Energetic Oltenia S.A. Company from the application of provisions of Law no. 296/2023 regarding some fiscal and budgetary measures to ensure Romania’s long-term financial sustainability, for the year 2026, according to Agerpres.

CE Oltenia has prepared efficiency, optimization and reorganization measures, including personnel layoffs, in order to get back on its feet, after recording an accounting loss of over 1 billion lei last year, Profit.ro writes.

The measures were announced by the Government together with the approval, by memorandum, of the CEO exemption from austerity legislation, so that employees can be granted meal vouchers of 35 lei/workday this year.

″By exempting the Oltenia Energy Complex SA Company from the application of the provisions of art. XL and those of art. XLI of Law 296/2023, the company’s activity will not be disrupted, removing the risk of possible labor disputes for claiming the rights provided for in the Collective Labor Agreement and in individual labor contracts″, a Government press release states. According to the cited source, following the discussions on 19.02.2026 held at the Government headquarters by Prime Minister Ilie Bolojan, Oltenia Energy Complex submitted to the Ministry of Energy the efficiency, optimization and reorganization measures that will be adopted by the company in 2026 for the company’s recovery. “The total savings in 2026 at the company level, following the application of efficiency, reorganization and layoff measures, will be approximately 440 million lei,” the press release states.