Type
Bankruptcy
Country
Romania
Region
Nord-Est;
Location of affected unit(s)
Bacau
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Chemicals And Chemical Products
20.15 - Manufacture of fertilisers and nitrogen compounds

165 jobs
Number of planned job losses
Job loss
Announcement Date
29 October 2014
Employment effect (start)
1 November 2014
Foreseen end date

Description

The Romanian integrated chemical company Amurco is to lay off its remaining 165 employees in November 2014. The dismissal plan comes as a result of bankruptcy, due to the decrease in demand for the company's products. The company entered insolvency in July 2014, after five months of inactivity.75pc of the total employees were dismissed in June 2014.


Sources

  • 29 October 2014: Business Magazin

Citation

Eurofound (2014), Amurco, Bankruptcy in Romania, factsheet number 77775, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77775.