The number of managers seeking legal advice sensing that their employers are preparing to get rid of them quickly has increased significantly. This is a drastic change from the last few years, when executives were headhunted and offered large salaries, amid a lack of specialists and the spectacular growth of businesses. Four former managers of energy company Electrica, who were replaced from their positions in February, have recently brought a case against the company to court, and are asking for compensations amounting to 4 million RON (almost 1 million euros) in overall sum, deeming their removal from those positions illegal. These are not isolated cases, as the trend is strongly felt in the private sector. “Around August – September managers started to seek our services. It was a somewhat confusing time. The top management is perceived as a generator of supplementary costs at this time, and companies are trying to remove them more or less amicably and justifiably,” says Cristina Popescu, senior associate with law firm Lina & Guia.
ZF English
Tables turn: After hunting for managers in past, companies now negotiate exits
The number of managers seeking legal advice sensing that their employers are preparing to get rid of them quickly has increased significantly.