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.
Mining / Quarrying Mining And Quarrying Mining Of Coal And Lignite 05.10 - Mining of hard coal
695 jobs Number of planned job losses
Announcement Date
24 April 2015
Employment effect (start)
1 July 2015
Foreseen end date
31 December 2015
Description
State-owned coal mining company Societatea de Inchideri Mine Valea Jiului is to cut 695 jobs in Uricani, Paroseni and Petrila by the end of 2015. The layoffs will take place in two phases: 225 employees will be let go as of 1 July 2015, and the other 470 employees will be made redundant between October and December 2015.
According to the collective agreement, the affected employees will benefit of severance payments. To this effect, about 226 million Euro (1.038 million RON) are to be allocated from the unemployment insurance budget for 2015. The 2015 programme for mine closures in Jiu Valley will benefit from state aids, facilitating the closure of uncompetitive coal mines, according to the provisions of European Commission Decision no. C (2012) 1020 and the expenditures approved by Government Decision no. 241/2015.
Sources
18 May 2015: Realitatea
19 May 2015: Evenimentul
27 April 2015: Radio Romania Actualitati
19 May 2015: Curierul National
Citation
Eurofound (2015), Societatea Nationala de Inchideri Mine Valea Jiului, Internal restructuring in Romania, factsheet number 83560, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83560.
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