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
1,020 jobs
Number of planned job losses
Job loss
Announcement Date
28 March 2013
Employment effect (start)
1 April 2013
Foreseen end date

Description

Oltchim Ramnicu Valcea, a public Romanian chemical products company, is to cut 1,020 jobs. The company went into insolvency in the beginning of 2013. The timeline for the restructuring plan is not yet available.

Sources

  • 2 April 2013: www.nineoclock.ro
  • 29 March 2013: www.ziuanews.ro

Citation

Eurofound (2013), Oltchim Ramnicu Valcea, Internal restructuring in Romania, factsheet number 75152, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75152.