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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.51 - Manufacture of cement
200 jobs Number of planned job losses
200 jobs Number of planned job creations
Announcement Date
6 August 2008
Employment effect (start)
Foreseen end date
31 December 2010
Description
Holcim Romania, the subsidiary company of Swiss group Holcim, manufacturer of cement, promoted a restructuring and modernising programme for the site in Campulung (Arges county, south region). This programme involved an investment of 120 million euros. As a result, the number of employees will decrease by 200, in three stages, until the end of 2010. Each employee will receive about 7,700 euros as redundancy payment and other complementary support measures.
Sources
7 August 2008: Ziarul Financiar
Citation
Eurofound (2008), Holcim Romania, Internal restructuring in Romania, factsheet number 66995, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66995.
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