Type
Internal restructuring
Country
Romania
Region
Sud; Prahova;
Location of affected unit(s)
Ploiesti
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28 - Manufacture of machinery and equipment n.e.c.

600 jobs
Number of planned job losses
Job loss
Announcement Date
9 November 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

Upetrom 1 Mai Ploiesti, a supplier of equipment and services for the petroleum and gas industry, announced the dismissal of 600 persons by the end of 2009. The job reduction accounts for a quarter of its total workforce. The decision is part of a restructuring program and is attributed to a drastic reduction in orders.


Sources

  • 10 November 2009: Ziarul Financiar

Citation

Eurofound (2009), Upetrom 1 Mai, Internal restructuring in Romania, factsheet number 69932, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69932.