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.
Mining / Quarrying Mining And Quarrying Mining Of Metal Ores 07 - Mining of metal ores
250 jobs Number of planned job creations
Announcement Date
9 December 2011
Employment effect (start)
14 December 2011
Foreseen end date
14 March 2012
Description
Ellinikos Xrysos, a large Greek mining company, announced the creation of 250 new jobs at its sites in Chalkidiki as part of its investment plan. Hiring will begin by mid-December and is expected to be concluded within the next three months.
Ellinikos Xrysos is active in the business of mining gold, copper, lead, silver and zinc. It owns and operates the Cassandra Mines, which it bought from the Greek State in December 2003. The Cassandra Mines are located in Northern Greece. They include the gold mining projects of Olympias and Skouries and the copper-zinc mining project of Stratoni.
In 2009 the company had a turnover of EUR 44.7 million (with earnings after taxes of EUR 1.7 million).
Sources
9 December 2011: Imerisia
9 December 2011: Aggelioforos
Citation
Eurofound (2011), Ellinikos Xrysos, Business expansion in Greece, factsheet number 72852, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72852.
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