Internal restructuring
Nord-Est; Suceava;
Location of affected unit(s)
LeÅŸu Ursului and Dorna Iacobeni (Nord-Est region, Suceava county)
Mining / Quarrying
Mining And Quarrying
Mining Of Metal Ores
07 - Mining of metal ores

450 jobs
Number of planned job losses
Job loss
Announcement Date
14 April 2005
Employment effect (start)
14 April 2005
Foreseen end date
31 December 2006


In line with the legal provision, Minbucovina, a state-owned company in Vatra Dornei (Nord-Est region, Suceava county), made 150 employees redundant in 2005.

In January 2006, new redundancy figures were approved by the Government Decision no. 78 of 19 January 2006.

Collective redundancies at Minbucovina will total 450 people, of which 150 people in 2005 and another 300 employees starting January 2006.

Minbucovina extracts non ferrous ores (copper, zinc and other complex metallic ores) from 15 sites located in the Suceava county (North-Eastern region).

The company registered a turnover of about €5.5 million in the first half of 2004.

In 2005, 20% of its shares are to be given to persons who were deprived of their assets by nationalisation before 1989.By law, redundant employees will receive compensatory payments and some more job cuts will follow in the years to come.



Eurofound (2005), Minbucovina, Internal restructuring in Romania, factsheet number 61856, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61856.