Nord-Est; Vaslui;
Location of affected unit(s)
Vaslui (Nord-Est region, Vaslui county)
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13.9 - Manufacture of other textiles

450 jobs
Number of planned job losses
Job loss
Announcement Date
16 January 2006
Employment effect (start)
16 January 2006
Foreseen end date


The Authority for State Assets Recovery (Autoritatea pentru Valorificarea Activelor Statului, AVAS) decided to close down the polyester yarns plant Moldosin in Vaslui (Nord-Est region, Vaslui county). The decision was reached after a cease of activity of more than six months, due to a lack of financial resources to buy raw materials, pay bills and wages.

The prefect of Vaslui county declared that despite every effort, no investor could be found to take over the plant.

Moldosin manufactured mainly cotton and cotton-type yarns.

With the closing down of the plant the 450 employees were advised by AVAS to choose between unemployment (so as to have a temporary source of income) and retaining their positions, in the hope that a restructuring programme would be carried out and redundant employees would be granted redundancy pay.

Moldosin was closed down in early August 2005, when the electric power supply was cut; arrears to the electric power provider had reached 10 billion lei. Since then, the 450 employees have not been paid their wages.


  • 16 January 2006: Economistul


Eurofound (2006), Moldosin, Closure in Romania, factsheet number 63064, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63064.