|
|
Article: Romanian companies to lay off 800 workers
- Article from:
- AP Worldstream
- Article date:
- November 13, 2008
CopyrightCopyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
|
Romanian companies in the chemical and fertilizer industry said Thursday they will lay off some 800 workers as their businesses feel the effects of the global economic crisis.
Oltchim, located in the city of Ramnicu Valcea in central Romania, said 550 workers would be laid off in December as the company tries to shore up its finances.
The company, which has about 5,000 employees, also said in a statement it will reduce its production by 20 to 40 percent this month.
Another fertilizer company, Azomures, said Thursday it will cut up to 250 jobs due to a drop in prices and demand for its products. It is situated in the northwestern city of Targu Mures.
The ...