Internal restructuring
Vest; Hunedoara;
Location of affected unit(s)
Deva (Hunedoara)
Mining / Quarrying
Mining And Quarrying
Mining Of Metal Ores
07 - Mining of metal ores

2,342 jobs
Number of planned job losses
Job loss
Announcement Date
17 March 2006
Employment effect (start)
17 March 2006
Foreseen end date
31 December 2006


Compania Naţională a Cuprului, Aurului şi Fierului Minvest is one of the 18 large national companies in the mining and energy sector affected by a government decree ordering collective dismissals in 2006.

The redundant workers will receive compensatory payments in accordance with the stipulations of the collective agreement, unemployment benefits and two net monthly wages (at the level registered in January 2006).

The decree had been discussed in the Economic and Social Council (the tripartite body at national level) and the Commission for Social Dialogue, as is mandatory. The job cuts now announced for the 18 companies amount to 10413 in total.(16 cases are recorded in the ERM. The two other cases involve redundacies of 50 people each and are therefore not included in the ERM).

The restructuring process is part of the 'National strategy for the mining sector 2004-2010' and of the government's strategy to accelerate privatisation and to attract new investment in the sector.


  • 21 March 2006: Economistul


Eurofound (2006), Compania Naţională a Cuprului, Aurului şi Fierului Minvest, Internal restructuring in Romania, factsheet number 63202, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63202.