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 (28) Manufacture of machinery and equipment 28 - Manufacture of machinery and equipment n.e.c. 28 - Manufacture of machinery and equipment n.e.c.
744 jobs Number of planned job losses
Announcement Date
20 November 2008
Employment effect (start)
21 November 2008
Foreseen end date
Description
Uzina Mecanica Plopeni notifies the County Agency for Employment Prahova that during November will dismiss 744 employees of 808 in present. The redundant persons will receive compensatory payments equivalents with 36 monthly wages. The reason of the decision is the lack of orders as result of global financial situation.
Sources
21 November 2008: Economistul
Citation
Eurofound (2008), Uzina Mecanica Plopeni, Internal restructuring in Romania, factsheet number 67504, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67504.