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.
Mining / Quarrying Mining And Quarrying Mining Of Metal Ores 07 - Mining of metal ores
200 - 250 jobs Number of planned job losses
Announcement Date
1 April 2009
Employment effect (start)
1 April 2009
Foreseen end date
1 May 2009
Description
The mining firm Rudmetal has announced that it is to cut some 200 jobs at the plant in Rudozem. The job losses will take effect as of 1st May 2009. The firm claims layoffs are now inevitable as the crisis continues and the state has not lent the company a helping hand. Five months ago the metal price slump halted the operations of the Dimov Dol mine, owned by Rudmetal, and sent workers on unpaid leave. The employer has informed the local labour exchange office of the layoffs. Miners are given a one-month notice with dismissals effective as of May 1. At a meeting with employees on Tuesday, the management gave details on the severance plans. A miner will get a net severance pay of some BGN 750, said Rudmetal executive director, Mitko Mladenov.
Eurofound (2009), Rudmetal, Internal restructuring in Bulgaria, factsheet number 68876, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68876.
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