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 Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
500 jobs Number of planned job losses
Announcement Date
4 May 2009
Employment effect (start)
1 June 2009
Foreseen end date
Description
Electroputere Craiova, a manufacturer of electrical rotating motors and power transformators, announced its intention to dismiss 500 employees as part of a restructuring plan negotiated with trade unions in 2009. At present the company has approximately 2,540 employees. Dismissed workers will receive compensatory payments equivalents to 5-9 monthly salaries according to the length of service in the company.
Sources
5 May 2009: Economistul
Citation
Eurofound (2009), Electroputere, Internal restructuring in Romania, factsheet number 68999, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68999.
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