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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.10 - Manufacture of basic iron and steel and of ferro-alloys
European Globalisation Fund (EGF)
Year: 2012, Case number: 10
438 jobs Number of planned job losses
Announcement Date
6 August 2012
Employment effect (start)
Foreseen end date
1 October 2012
Description
The steel producer Mechel Campia Turzii announced the intention to dismiss 438 employees by October 2012. 250 jobs will be cut in August and 188 in September, as a result of market demand decrease.
The employees will receive compensatory payments equal to three month gross salaries.
At present the company employs 1,000 people in Romania.
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The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
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