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.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.3 - Manufacture of other products of first processing of steel
100 - 500 jobs Number of planned job losses
Announcement Date
9 May 2005
Employment effect (start)
23 May 2005
Foreseen end date
31 December 2005
Description
Covering an area of approximately 40 hectares, Mittal Steel Iasi has an annual production capacity of 380,000 tons and employs 1,400 people. The company produces a variety of products for both local and international markets.
As in the Hunedoara (Vest region) and Roman (Nor-Est) subsidiaries of Mittal Steel group in Romania, a ‘voluntary redundancy' programme was launched and the management expects that at least 500 employees from the Iaşi subsidiary will leave the company and receive the proposed redundancy payment.
Trade unions' views differ. They believe only 100 employees are likely to make redundancy applications. Moreover, they are dissatisfied with how the management chose to proceed with redundancies and the fact that they failed to negotiate a new collective agreement. According to the privatisation contract, the management of Mittal Steel Iasi does not have the right to operate redundancies until January 2006. In the opinion of the trade union leader, a few hundred workers will certainly be laid off in 2006 but will not receive the pay provided through the current voluntary redundancy programme.
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