|
You are here: Eurofound > EMCC > European Restructuring Monitor My Eurofound: Login or Sign Up   

Fact Sheet Details

Back to factsheets

Company: Ellinikos Xrysos
Geographic location
- Country:
Greece
- Region:
Voreia Ellada ; Kentriki Makedonia
- Location of affected unit(s):
Chalkidiki
Company
- Group :
- Sector :
Mining / quarrying : Mining of non-ferrous metal ores, except uranium and thorium ores (Nace C)
- Number employed:
250
Employment effects
- Announcement Date:
09-12-2011
- Planned job reductions:
- Type of restructuring:
Business expansion
- Employment effect start:
14-12-2011
- Foreseen end date:
14-03-2012
- Direct dismissals:
- Other job reduction measures:
- Planned job creation:
250
Additional information

Ellinikos Xrysos, a large Greek mining company, announced the creation of 250 new jobs at its sites in Chalkidiki as part of its investment plan. Hiring will begin by mid-December and is expected to be concluded within the next three months.

Ellinikos Xrysos is active in the business of mining gold, copper, lead, silver and zinc. It owns and operates the Cassandra Mines, which it bought from the Greek State in December 2003. The Cassandra Mines are located in Northern Greece. They include the gold mining projects of Olympias and Skouries and the copper-zinc mining project of Stratoni.

In 2009 the company had a turnover of EUR 44.7 million (with earnings after taxes of EUR 1.7 million).

Sources

Imerisia, 09-12-2011

Aggelioforos, 09-12-2011

Links

Back to factsheets

Page last updated: 19 December, 2011