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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.13 - Manufacture of other inorganic basic chemicals
396 jobs Number of planned job losses
Announcement Date
26 September 2022
Employment effect (start)
26 September 2022
Foreseen end date
31 December 2022
Description
Chimcomplex, a Romanian producer and seller of inorganic and organic chemicals announced its intention to dismiss 396 employees by the end of 2022. Chimcomplex is the region's leading producer and supplier of vital chemicals, specializing in polyols, chlorinated alcohols and oxo-alcohols. It is a strategic company for the Romanian economy, with two industrial platforms, in Onesti (Borzesti, Bacau County) and Ramnicu Valcea (Valcea County).
The redundancy is due to increasing electricity and gas prices. In this context, the company aims to optimize operational and operating costs and to streamline its activity in order to make improve the use of human and financial resources. Moreover, a second reason for the redundancy is the merger between the industrial platforms in Ramnicu Valcea (Valcea County) and Onesti (Bacau County).
Previously, the company announced its intention to protect employees from redundancies, if the energy prices stay stable and recover. However as of September 2022, this is not the case. Along with this measure, Chimcomplex has also closed several production sections.
Eurofound (2022), Chimcomplex, Internal restructuring in Romania, factsheet number 107445, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107445.
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