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
234 jobs Number of planned job creations
Announcement Date
18 July 2014
Employment effect (start)
18 July 2014
Foreseen end date
31 August 2014
Description
Laminorul Braila will restart its activity and hire up to 230 employees in August 2014, after being shut down for approximately two years. The plant was specialising in processing ferrous metals in their primary and semi-finished state. It ceased production in 2012 and all its employees were laid off, except for around 20 of them who remained for security and administrative activities.
Invest Nikarom, the current owner, decided to restart production at a capacity that would meet the volume of the contracted orders. The strategy for the upcoming period will be decided according to the results obtained after the first stage of production.
Sources
29 July 2014: Adevarul
18 July 2014: Adevarul
28 July 2014: Capital
Citation
Eurofound (2014), Laminorul, Business expansion in Romania, factsheet number 77456, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77456.
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