Internal restructuring
Location of affected unit(s)
Aspropyrgos & Volos
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.1 - Manufacture of basic iron and steel and of ferro-alloys

100 jobs
Number of planned job losses
Job loss
Announcement Date
6 April 2015
Employment effect (start)
30 April 2015
Foreseen end date
31 May 2015


Halyvourgiki, Greece’s oldest company in the steel industry and one of the main steel producers, announced a voluntary exit plan affecting 100 employees out of its 300. According to Halyvourgiki, the announcement followed the notification of the company’s workers union. The job cuts are blamed on the ongoing recession, fall in sales and very high energy costs (electricity and natural gas) that prevent the company from being competitive.

The Minister of Production Reconstruction, Environment and Energy held meetings with the company's managers in an effort to persuade them to reconsider the decision to cut the jobs. Meetings with the representatives of the Panhellenic Metal Workers Federation (POEM) also took place. On 8 April, the Minister of Labour and Social Solidarity accepted the workers request for a trilateral meeting to be held at the Ministry in the following days. According to media sources the Greek government is already taking measures to reduce energy costs.


  • 7 April 2015: Kathimerini


Eurofound (2015), Halyvourgiki, Internal restructuring in Greece, factsheet number 79190, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79190.