Type
Internal restructuring
Country
Romania
Region
Vest; Caras-Severin;
Location of affected unit(s)
Otelu Rosu
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75153.