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.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.34 - Cold drawing of wire
800 jobs Number of planned job losses
Announcement Date
20 May 2005
Employment effect (start)
20 May 2005
Foreseen end date
31 December 2010
Description
According to the 2004-2010 national strategy for the restructuring of the Romanian iron steel industry, Mechel Câmpia Turzii (Nord-Vest region, Cluj county) will decrease its workforce by 500 in 2005. By 2010, employment figures at Mechel Câmpia Turzii will fall down to 4,500 jobs, starting from 5,300 in 2004.
Mechel Câmpia Turzii produces rolled products in carbon and low-alloy steel for machinery manufacturers, as well as steel rebar, wire rod and hardware, including various kinds of wire, cable, mesh, electrical cable and nails.
Sources
20 May 2005: Economistul
Citation
Eurofound (2005), Mechel Câmpia Turzii, Internal restructuring in Romania, factsheet number 61870, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61870.
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