Versiunea completă
Economic

Romanian Oltchim Maintains Furlough Throughout December

Romanian chemical company Oltchim Ramnicu-Valcea (OLT.RO) will keep some 1,000 employees on furlough in December as well, for the fifth consecutive month of furlough, because of raw material and working capital shortages.

Andrei Cîrchelan · 25 noiembrie 2011 · 1 min de citit

Between November 15 and November 30, the company suspended labor contracts for some 1,000 employees.

Throughout the furlough, the employees will only receive 80% of their base salary.

At the end of September, Oltchim had 3,470 employees. The company is 54.8% owned by the Economy Ministry, while German PCC SE holds 17.47% and UK investment fund Carlson Ventures holds a 14,02% stake.

Citește și