ArcelorMittal Galati

Type
Business expansion
Country
Romania
Region
Macroregiunea Doi; Sud-Est; GalaĊ£i
Location of affected unit(s)
Galati
Sector
Manufacturing
(24 - 25) Manufacture of metals
24.1 - Manufacture of basic iron and steel and of ferro-alloys
24.10 - Manufacture of basic iron and steel and of ferro-alloys
100 jobs
Number of planned job creations
Job creation
Announcement Date
26 June 2016
Employment effect (start)
26 June 2016
Foreseen end date
31 December 2016

Description

ArcelorMittal Galati is to hire 100 workers from its apprentice school. Last year, the company decided to re-open the apprentice school.

The company has implemented significant staff reductions over recent years due to declining profits recorded since 2008. In addition to the 6,000 workers directly employed by ArcelorMittal, another 2,000 working at the Galati plant are employed by the company's contractors.

ArcelorMittal Galati, the former Sidex steel undertaking, was bought from the state in 2001 by Indian billionaire Lakshmi Mittal.

Sources

  • 26 June 2016: adevarulfinanciar.ro
  • 26 June 2016: Wall Steet Romania

Citation

Eurofound (2016), ArcelorMittal Galati, Business expansion in Romania, factsheet number 88079, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88079.