Mechel Otelu Rosu

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Patru; Vest; Caraş-Severin
Location of affected unit(s)
Otelu Rosu
Sector
Manufacturing
(24 - 25) Manufacture of metals
24.3 - Manufacture of other products of first processing of steel
24.3 - Manufacture of other products of first processing of steel
420 - 450 jobs
Number of planned job losses
Job loss
Announcement Date
22 March 2013
Employment effect (start)
1 April 2013
Foreseen end date

Description

As announced, 420 employees will lose their job at the metallurgical plant Mechel Otelu Rosu after April 2013. The measure is part of a restructuring programme that started from the beginning of 2013, generated by the insolvency of the company.

Sources

  • 25 March 2013: ZIUA de Vest
  • 25 March 2013: Ziare.com

Citation

Eurofound (2013), Mechel Otelu Rosu, Internal restructuring in Romania, factsheet number 75153, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75153.