EMCC European Monitoring Centre on Change

Zeljezara Sisak (Sisak Iron and Steel Factory)

Company/Organisation:
Zeljezara Sisak (Sisak Iron and Steel Factory)

Geographic Location

Country: Croatia
Region: Sisačko-moslavačka županija; Kontinentalna Hrvatska; Hrvatska
Location of affected unit(s): Sisak

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.51 - Casting of iron
Number Employed: 120
Group: Danieli

Employment Effects

Announcement Date: 26-11-2015
Planned Job Reductions min: 100
Planned Job Reductions max: 110
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-12-2015
Foreseen End Date: 15-12-2015
Direct Dismissals: 100

Additional Information

Production at the iron and steel factory in Sisak, Croatia has stopped, and dismissals have begun for 100 workers. Management personell have been offered positions at the company headquarters in Udine, North Italy. Only the most necessary personnel in finance and maintenance will remain employed until June 2016 when the owner of the factory, the ABS company - a part of the Italian Group Danieli - will decide on the final fate of the Croatian company: closing, continuation of production or sale. The Italian company bought the plant in 2012 after the departure of the previous owners CMC. The closure is due to the large amount of cheap steel from China, Turkey and the Ukraine.