Type
Internal restructuring
Country
Romania
Region
Nord-Vest; Cluj;
Location of affected unit(s)
Câmpia Turzii (Nord-Vest region, Cluj county)
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.34 - Cold drawing of wire

800 jobs
Number of planned job losses
Job loss
Announcement Date
20 May 2005
Employment effect (start)
20 May 2005
Foreseen end date
31 December 2010

Description

According to the 2004-2010 national strategy for the restructuring of the Romanian iron steel industry, Mechel Câmpia Turzii (Nord-Vest region, Cluj county) will decrease its workforce by 500 in 2005. By 2010, employment figures at Mechel Câmpia Turzii will fall down to 4,500 jobs, starting from 5,300 in 2004.

Mechel Câmpia Turzii produces rolled products in carbon and low-alloy steel for machinery manufacturers, as well as steel rebar, wire rod and hardware, including various kinds of wire, cable, mesh, electrical cable and nails.


Sources

  • 20 May 2005: Economistul

Citation

Eurofound (2005), Mechel Câmpia Turzii, Internal restructuring in Romania, factsheet number 61870, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61870.