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
100 jobs Number of planned job creations
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88079.
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