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.
Electricity 35 - Electricity, gas, steam and air conditioning supply 35.3 - Steam and air conditioning supply 35.3 - Steam and air conditioning supply
416 jobs Number of planned job losses
Announcement Date
13 September 2011
Employment effect (start)
Foreseen end date
31 December 2011
Description
Apaterm, provider of steam and hot water, announced the intention to dismiss 416 persons by the end of 2011, of which 159 until 26 September 2011.According with the collective agreement at company level, in correlation with the length of services, the dismissed person will receive an amount equivalent with 25 base salaries from the month before the data of dismissal.
Sources
14 September 2011: Ziarul Financiar
Citation
Eurofound (2011), Apaterm Galati, Internal restructuring in Romania, factsheet number 72415, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72415.
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