Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Alum Tulcea, a Romanian alumina plant, controlled by aluminium producer Alro Slatina, will shut down production from 1 August 2022 and 441 employees will lose their jobs. The closure is due to increasing electricity and gas prices, which have made much cheaper to import alumina than to produce it.
The leader of the Alum union announced only 259 of the plant's 700-plus employees would be kept on. At the end of last year, parent company Alro Slatina officially announced that it was reducing its aluminium production by 60%, due to high prices and shortages on the energy markets, by keeping only two electrolysis plants out of five.
The Tulcea alumina plant is one of the city's major private employers started operating in 1973, with Balli Metal taking over the plant from the Romanian state in 1996. The Tulcea-based company producing calcined alumina, the raw material needed to produce aluminum, refractory products, ceramic products, cement and water treatment, later became part of the Alro Slatina group of companies.
Eurofound (2022), Alum Tulcea, Closure in Romania, factsheet number 107111, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107111.
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