Type
Internal restructuring
Country
Romania
Region
Vest; Hunedoara;
Location of affected unit(s)
Petroşani
Sector
Mining / Quarrying
Mining And Quarrying
Mining Of Coal And Lignite
05 - Mining of coal and lignite

900 jobs
Number of planned job losses
Job loss
Announcement Date
27 July 2011
Employment effect (start)
Foreseen end date
31 December 2011

Description

The Romanian government has announced that the state-owned coal company Compania Naţională a Huilei Petroşani will lay off 900 employees in 2011 as part of the action plan agreed with the IMF, the World Bank and the European Commission in order to decrease the state budget deficit.


Sources

  • 27 July 2011: Romanian Government site

Citation

Eurofound (2011), Compania Naţională a Huilei, Internal restructuring in Romania, factsheet number 72234, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72234.