ForestCov

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Patru; Sud-Vest Oltenia; Vâlcea
Location of affected unit(s)
Ramnicu Valcea
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
200 jobs
Number of planned job losses
Job loss
Announcement Date
4 April 2014
Employment effect (start)
Foreseen end date
31 December 2014

Description

ForestCov has announced a planned reduction of 200 staff. ForestCov is in the wood and timber industry. Criteria for selecting those to be made redundant are being discussed with union representatives. The job cuts are reported to be due to changes in legislation which limit the entitlement to exploit wood and forestry resources.

Sources

  • 4 April 2014: Adevarul

Citation

Eurofound (2014), ForestCov, Internal restructuring in Romania, factsheet number 76804, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76804.