The Impact on the Ownership Restructuring of the Labour Force Occupation in Romania

Abstract

Abstract This article aims to catch some aspects regarding the evolution of Romanian labour force occupation in the last 24 years in the context of ownership restructuring. In Romania, this process proved to be a particular problem, with major impact in all areas such as economic, social, environmental, cultural, education. The ownership restructuring process results were the basic premise of the acknowledgement of market economy in Romania, of the market and its mechanisms. The transition from a centralized, planned economy based on control principles to an economy based on market principles meant radical changes of the entire inherited building structures, thus on the labour force occupation. Once Romania joined the European Union, we had to get in line with the European standards and social policies, the first steps requiring the abandon of the social clauses included in the shares selling contracts of the Romanian state-owned companies. We will try to analyze what were the effects of ownership restructuring over the economic activities of privatized companies, if the maintenance of social clauses lead to labour force distortion with effects on the labour force occupation, to a deficiency in implementing effectiveness in economic activities or even business closures.