Compania Naţională a Huilei

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Patru; Vest; Hunedoara
Location of affected unit(s)
Petroşani
Sector
Mining / Quarrying
05 - Mining of coal and lignite
05 - Mining of coal and lignite
05 - Mining of coal and lignite
1,000 jobs
Number of planned job losses
Job loss
Announcement Date
8 October 2009
Employment effect (start)
4 January 2010
Foreseen end date

Description

The National Hard Coal Company Petroşani (Compania Naţională a Huilei Petroşani, CNH) one of the main employers in the county of Hunedoara, has announced the intention to dismiss 1,000 employees in early 2010. The job losses are part of the ongoing restructuring programme. At present, the company has 10,700 employees and a total financial debt of about 850 million euro.

More information on the current crisis in Jiu Valley mining area and the response of social partners is available on the European Industrial Relations Observatory (EIRO).

Sources

  • 9 October 2009: Ziarul Financiar

Citation

Eurofound (2009), Compania Naţională a Huilei, Internal restructuring in Romania, factsheet number 69754, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69754.