Type
Internal restructuring
Country
Romania
Region
Sud-Est; Galati;
Location of affected unit(s)
Galati, Galati county, South-East region
Sector
Utilities
Water Supply; Sewerage, Waste Management And Remediation Activities
Waste Collection, Treatment And Disposal Activities; Materials Recovery
38.3 - Materials recovery

200 jobs
Number of planned job losses
Job loss
Announcement Date
4 November 2008
Employment effect (start)
5 November 2008
Foreseen end date

Description

Grand Smithy Works International, Recycling of metal waste company, notified County Agency for Employment Galati the intention to dismiss 200 employees.

The reason is the decrease of the volume of activity of the Archelor Mittal Steel Galati, the main business partner. At the end of 2007 the company had 257 employees.


Sources

  • 5 November 2008: Economistul

Citation

Eurofound (2008), Grand Smithy Works International, Internal restructuring in Romania, factsheet number 67555, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67555.