EMCC European Monitoring Centre on Change

Electrocentrale Galati

Electrocentrale Galati

Geographic Location

Country: Romania
Region: Galati; Sud-Est
Location of affected unit(s): Galati


Sector: Utilities
Electricity, gas, steam and air conditioning supply
35.11 - Production of electricity
Number Employed: 205

Employment Effects

Announcement Date: 03-08-2020
Planned Job Reductions min: 205
Planned Job Reductions max: 205
Type of Restructuring: Bankruptcy
Employment Effect Start: 03-08-2020
Foreseen End Date: 23-09-2020
Direct Dismissals: 205

Additional Information

Galați Power Station (Electrocentrale Galati, former AcerlorMittal) a large thermal power plant located in Galaţi, South-Eastern Romania, announced a restructuring of 205 jobs by the end of August 2020. The restructuring process is due to the different commercial and economic constraints and due to the insolvency process which started in 2014. 

The dismissed employees will receive severance pay , on average 37,000 lei (€7,620.35 as at 14/09/2020) net, according to the the collective bargaining agreement currently in place. 

Galați Power Station (Electrocentrale Galati) has drafted a reorganisation plan, which has not yet been approved by its sole shareholder, Electrocentrale Group, which is 100% controlled by the Ministry of Economy. Specifically,  the Group did not participate in the shareholders’ general meeting which took place on 2 July 2020.  As a result, the reorganisation plan cannot be served in the court for the time being.

The trade union has not provided any public commentary following the announcement made by management.