Oracle transfers most of its European hardware support activities to Romania

de Adrian N Ionescu | 17.9.2017 .

Oracle, the world’s largest software developer, will transfer most of the European hardware support activities to Romania, to reduce current costs.

The process of closing some operations has already started, announces the British publication The Register, quoted by News.ro.

The total number of these employees is 424, including executives, 137 of whom are already in Romania.

By cutting costs, 287 people from outside Romania would be fired, of whom 77 in Germany, 67 in Spain, 55 in France, 53 in the United Kingdom, announced the British publication quoting an internal release of the company.

Activity in Germany is expected to be closed by the end of February next year, and departments in Italy and France are to disappear by the end of next year.

The hardware support company in the UK has more executives than other countries and it is expected to have the longest life and be the last major team to transfer the responsibilities to the Romanian counterparts.

The migration of the support to Eastern Europe follows the departure of John Fowler, Oracle’s Executive Vice-president for systems, last month.

The move takes place in the context of repeatedly declining company revenues. In the last fiscal year, Oracle recorded software and hardware sales declines by 2% and 11% respectively and it was for the first time when cloud services brought more money.

The Romanian Oracle subsidiary is the main player on the Romanian software market, with over 3,630 employees last year, being the company’s second-largest subsidiary by size in Europe, the Middle East and Africa, after the UK.

Last year, Oracle had a turnover of RON 908 million in Romania and a net profit of RON 23.7 million. At the global level, Oracle has offices in 145 countries and more than 130,000 employees, with a turnover of over USD 40 billion last year.

Publicat la data de 17.9.2017 .

Lasa un comentariu


SIMILAR ARTICLES

Adrian N Ionescu

Ministry of Finance has sold euro bonds worth one billion euros on foreign market

The Ministry of Finance (MFP) placed euro bonds worth EUR 1 billion on the foreign market by reopening the issue with the maturity of 10 years launched in April this year The issue has been placed with a 2375% coupon at a yield of 2,114%, lower than the one of the initial issue in April (2411%), following "the decrease of the related margin of Romania’s credit risk to the lowest level for ...
Read more »

Adrian N Ionescu

European Commission’s announcement to Government and Parliament: Gas transactions market cannot be monopolized by OPCOM

Romania risks the infringement procedure if the Parliament adopts definitive amendments to the Emergency Ordinance 64/2017 on the natural gas market, which provides for the trading of 70% of its volume only on the state-controlled OPCOM market The punishable amendments, recently approved by the Chamber of Deputies' Committee for Industries, could violate the fundamental freedoms laid down in ...
Read more »

Adrian N Ionescu

Ford launches production of EcoSport in Craiova. Total investment in Romania reaches over EUR 1.2 billion

Ford officially launched the production of the EcoSport SUV at the plant in Craiova, raising total investments in Romania to about EUR 12 billion, since the takeover of the factory in 2008 The number of employees will increase by nearly 1,700 to 4,300 people by the end of the year, exceeding for the first time the number of employees in the moment of the takeover Ford plant in Craiova will ...
Read more »

Adrian N Ionescu

ANAF has repealed procedure for cancellation of VAT code for inactive companies

An order by the ANAF President amends the regulations for cancelling the registration for VAT purposes, respectively repeals the procedure for the cancellation of the VAT code for the inactive companies The provisions in question are included in OpANAF 2899/2017 on approving the procedure for the ex-officio change of the VAT related tax vector, as well as the template and content of some ...
Read more »

Adrian N Ionescu

Investment of the poor: MFP sells one-lei treasury bonds to population and money will be blocked until maturity

The Ministry of Public Finance (MFP) wants to raise money to the budget, leu by leu and says that treasury bills, whose issues have already been announced, will have a nominal value of 1 RON The amount is a real premiere The financial instruments will be issued quarterly, on short terms, through the State Treasury's operating units, and will not be listed on the stock exchange, which means ...
Read more »

MAINS

Prime Minister Grindeanu about 2017 budget: 5.2% economic growth, 815 billion lei GDP, 253 billion revenues

Prime Minister Sorin Grindeanu said on Sunday evening on Romania TV that the budget deficit in 2017 will fall within the set target of 3%, ... Read more

Back to the lesson of 2008-2014! Essential viewpoints about the type of growth we choose

The National Institute of Statistics announced the final value of GDP for 2014 at 668,143.6 million lei, in current prices, representing a growth rate of ... Read more

Trade deficit in 2016 is close to 10 billion euros, driven by imports of chemicals, fuel and food

The trade deficit in the first eight months of this year was EUR 6,133.8 million, about 28% higher than the same period of the last ... Read more

”Digital-Schweitzer” Romania: IT specialists explain why citizen is stuck between super computerized institutions

Ciolos government promised a revolution in reducing state bureaucracy, official emphasis being put on digitization and electronic communication, institutions being required to be transparent. This ... Read more