Type
Internal restructuring
Country
Romania
Region
Vest; Hunedoara;
Location of affected unit(s)
Petrosani
Sector
Mining / Quarrying
Mining And Quarrying
Mining Of Coal And Lignite
05 - Mining of coal and lignite

1,600 jobs
Number of planned job losses
Job loss
Announcement Date
16 February 2010
Employment effect (start)
Foreseen end date
31 December 2010

Description

State-owned energy company Compania Nationala a Huilei in Petrosani is to cut 1,600 jobs in 2010. This measure is part of a restructuring programme promoted by the Ministry of Economy which involves 3,545 collective dismissals affecting various public companies (Termoelectrica Bucuresti, Electrocentrale Deva, Electrocentrale Bucuresti, Complexul Energetic Turceni, Complexul Energetic Rovinari, Societatea Nationala a Lignitului Oltenia). The dismissals are attributed to a need to reduce energy prices.


Sources

Citation

Eurofound (2010), Compania Naţională a Huilei, Internal restructuring in Romania, factsheet number 70228, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70228.