EMCC European Monitoring Centre on Change

Hellenic Halyvourgia

Company/Organisation:
Hellenic Halyvourgia

Geographic Location

Country: Greece
Region: Attiki
Location of affected unit(s): Aspropyrgos

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.52 - Casting of steel
Number Employed: 400

Employment Effects

Announcement Date: 02-11-2011
Planned Job Reductions min: 180
Planned Job Reductions max: 180
Type of Restructuring: Internal restructuring
Employment Effect Start: 30-10-2011
Foreseen End Date: 29-02-2012
Direct Dismissals: 180

Additional Information

Hellenic Halyvourgia, one of the largest steel producers in Greece, plans to cut 180 jobs at its site at Aspropyrgos.

Hellenic Halyvourgia, according to the press and the general assembly of workers in the Greek Steel Inc., has already proceeded with about 50 layoffs in early November and has recently announced plans to cut wages and dismiss another 180 employees out of a total workforce of 400. According to media reports the measures are due to the company's considerable loan obligations.

Workers of Hellenic Halyvourgia have been on strike for 45 days opposing the job cuts and wage reduction. They accuse the company's management of forcing people to work rotating shifts, abolish contracts and reduce salaries by 450 to 500 Euros per worker.

Helliniki Halyvourgia, the first steel producer in Greece, established in 1938, is one of the largest industrial companies in the country (running two out of the five vertically integrated steel production plants). It owns industrial steel production units in Aspropyrgos, Velestino and Volos. The Aspropyrgos premises occupy 290.000 sqm. The industrial complex is comprised by a meltshop, a rolling-mill for long products, a wire mesh plant, as well as covered warehouses. Following successive upgrades of the production equipment, the unit's annual production capacity in finished products exceeds 400.000 tons.