Rafo

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Doi; Nord-Est; Bacău
Location of affected unit(s)
Onesti
Sector
Mining / Quarrying
06 - Extraction of crude petroleum and natural gas
06 - Extraction of crude petroleum and natural gas
06 - Extraction of crude petroleum and natural gas
1,000 jobs
Number of planned job losses
Job loss
Announcement Date
22 February 2008
Employment effect (start)
1 March 2008
Foreseen end date

Description

The Rafo oil refinery in Onesti announced on 22 February its closure for technological restructuring between March 2008 and January 2010 with a loss of about 1.000 jobs. This restructuring involves an investment of approximately EUR 350 million.

Sources

  • 25 February 2008: Ziarul Financiar

Citation

Eurofound (2008), Rafo, Internal restructuring in Romania, factsheet number 66350, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66350.