Oltchim Ramnicu Valcea

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Patru; Sud-Vest Oltenia; Vâlcea
Location of affected unit(s)
Ramnicu Valcea
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20 - Manufacture of chemicals and chemical products
20 - Manufacture of chemicals and chemical products
500 jobs
Number of planned job losses
Job loss
Announcement Date
12 November 2008
Employment effect (start)
4 November 2008
Foreseen end date

Description

Oltchim Ramnicu Valcea, Romanian chemical products company, announced at the beginning of November, collective dismissals for about 500 employees.

The reason is the decrease of the production caused by the international financial crisis.

In present the company has 4,800 employees.

Sources

  • 13 December 2008: Ziarul Financiar

Citation

Eurofound (2008), Oltchim Ramnicu Valcea, Internal restructuring in Romania, factsheet number 67557, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67557.