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.
Mining / Quarrying Mining And Quarrying Other Mining And Quarrying 08 - Other mining and quarrying
200 jobs Number of planned job losses
Announcement Date
14 April 2005
Employment effect (start)
14 April 2005
Foreseen end date
31 December 2005
Description
In 2005, 200 employees will be made redundant at Salrom (BucureÅŸti region), following the adoption of the Government Decision no. 300/2005. The dismissed people will receive monthly compensatory payments during 2 years and will benefit from other active employment measures designed for the whole mining sector.
Salrom is the only salt producer at national level authorized by the Romanian government.
Company headquarters are in BucureÅŸti (BucureÅŸti region) but it has seven mining exploitation located in five different regions of the country. Through its subsidiaries, the company produces halite, salt solution and crystalline modified salt, applying technologies similar to those used worldwide. The companyÂ’s net and gross results in the first half of 2004 were positive.
Salrom is currently owned by the state but the government intends to promote a strategy aimed at attracting new investments at Salrom, so that restructuring might go hand in hand with privatisation.
Sources
30 June 2005: Office of State Ownership and Privatisation in Industry
Eurofound (2005), Salrom, Internal restructuring in Romania, factsheet number 61859, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61859.
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