Amurco

Type
Bankruptcy
Country
Romania
Region
Macroregiunea Doi; Nord-Est; Bacău
Location of affected unit(s)
Bacau
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20.1 - Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms
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://apps.eurofound.europa.eu/restructuring-events/detail/77775.