Employees involved in such activities in Europe are 424, including executives, 137 of whom are already in Romania.

By cutting costs, 287 people from outside Romania would be fired, out of which 77 from Germany, 67 from Spain, 55 from France, 53 from the United Kingdom.

Germany's activity is expected to be closed by the end of February next year, and Italy and France will be closed by the end of next year. Operation in Spain should be closed at the same time as Germany.

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

The move takes place on the background of repeatedly declining company revenues. In the last fiscal year, Oracle recorded software and hardware sales declines of 2% and 11% respectively.

The Romanian subsidiary of Oracle is the main player on the Romanian software market, with over 3,630 employees last year, being the second largest company in Europe, the Middle East and Africa, after the UK. Last year, Oracle had 908 million lei in Romania and a net profit of 23.7 million lei. Globally, Oracle has offices in 145 countries and more than 130,000 employees, with over $ 40 billion worth of business year. (source: news.ro)