Upetrom 1 Mai

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Trei; Sud-Muntenia; Prahova
Location of affected unit(s)
Ploiesti
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
744 jobs
Number of planned job losses
Job loss
Announcement Date
24 August 2011
Employment effect (start)
Foreseen end date
30 September 2011

Description

Upetrom company, manufacturer of machinery for the oil extractive industry, announced the intention to dismiss 744 employees in September 2011. This is a result of a restructuring programme to adjust to decreasing market demand. At present the company has 1,544 employees.

Sources

  • 25 August 2011: Ziarul Financiar

Citation

Eurofound (2011), Upetrom 1 Mai, Internal restructuring in Romania, factsheet number 72315, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72315.