Holcim Romania

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Trei; Sud-Muntenia; Argeş
Location of affected unit(s)
Campulung
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23.5 - Manufacture of cement, lime and plaster
23.51 - Manufacture of cement
200 jobs
Number of planned job losses
Job loss
200 jobs
Number of planned job creations
Job creation
Announcement Date
6 August 2008
Employment effect (start)
Foreseen end date
31 December 2010

Description

Holcim Romania, the subsidiary company of Swiss group Holcim, manufacturer of cement, promoted a restructuring and modernising programme for the site in Campulung (Arges county, south region). This programme involved an investment of 120 million euros. As a result, the number of employees will decrease by 200, in three stages, until the end of 2010. Each employee will receive about 7,700 euros as redundancy payment and other complementary support measures.

Sources

  • 7 August 2008: Ziarul Financiar

Citation

Eurofound (2008), Holcim Romania, Internal restructuring in Romania, factsheet number 66995, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66995.