Ascultă Radio România Actualitaţi Live

Uncertain future for former Mechel factories in Romania

Mechel recently sold all five factories held in Romania to a company controlled by two people with Russian citizenship.

Uncertain future for former Mechel factories in Romania
Mechel Campia Turzii factory. Photo: Agerpres archive

21 Martie 2013, 15:37

The five factories that were part of Russian Mechel have serious trouble, and last week the employees went out in the streets, at Campia Turzii, to demand their compensation payments due after the dismissal, and in Braila to draw attention to the uncertain future of the factory.

Former employees of Mechel Campia Turzii were announced on Friday, after three weeks of protests, that they were transferred into accounts the payable half of the amount as compensation payment following redundancy.

The factory management promised that the other half will be paid next week.
Other three companies that were owned by the Russian concern Mechel in Romania became insolvent.

It's about those in Buzau, Oţelu Rosu and Targoviste. In Buzau, the unions argue that the activity will continue at a capacity of 50 percent, but in Targoviste, the management has already announced that they will be laid off 512 workers.

The fifth company that was part of the Russian Mechel group – Laminorul Braila – did not enter yet into insolvency, but the employees are worried about the future of the factory and fate of jobs and protested on Friday against Prefecture, pointing out that within the plant are further cut scrap and that cars leave without documents accompanying the goods.

Mechel recently sold all five combined held in Romania, heavily indebted, for the symbolic price of 230 lei, to the company Nikarom Invest in Bucharest, controlled by two people with Russian citizenship.

Translated by Alexandra-Diana Mircea
MTTLC, Bucharest University

Bucharest citizens will be able to apply for an electronic ID card
News in English 23 Aprilie 2025, 22:46

Bucharest citizens will be able to apply for an electronic ID card

Bucharest residents can start applying for an electronic ID card from Thursday. Appointments can only be made online, and the...

Bucharest citizens will be able to apply for an electronic ID card
IMF cuts its growth estimates for the Romanian economy
News in English 22 Aprilie 2025, 23:15

IMF cuts its growth estimates for the Romanian economy

The International Monetary Fund has lowered its growth forecast for the Romanian economy this year to 1.6%, down from 3.3% in...

IMF cuts its growth estimates for the Romanian economy
EC: TikTok has made extra preparations to better manage the May elections
News in English 22 Aprilie 2025, 23:14

EC: TikTok has made extra preparations to better manage the May elections

The European Commission is continuing to work with the online platform TikTok to ensure that there will be no breaches of EU...

EC: TikTok has made extra preparations to better manage the May elections
The fire in Arges "could not have started by natural causes"
News in English 21 Aprilie 2025, 19:01

The fire in Arges "could not have started by natural causes"

The IGAV's two Black Hawk helicopters withdrew last night after dropping 240 tons of water, a vital aid because the...

The fire in Arges "could not have started by natural causes"
Financing guide under the "Rabla for tractors" program published
News in English 21 Aprilie 2025, 19:00

Financing guide under the "Rabla for tractors" program published

This week, another necessary step of the "Rabla for tractors" program was completed - the publication of the...

Financing guide under the "Rabla for tractors" program published
A new multinational exercise on Romanian territory
News in English 17 Aprilie 2025, 21:30

A new multinational exercise on Romanian territory

Around 4.000 soldiers, with over 900 technical means, from 10 allied countries will take part next month in a new...

A new multinational exercise on Romanian territory
The National Audiovisual Council has removed several videos posted online
News in English 17 Aprilie 2025, 21:29

The National Audiovisual Council has removed several videos posted online

The National Audiovisual Council has removed in recent days a number of illegal online materials from TikTok, Facebook and X....

The National Audiovisual Council has removed several videos posted online
"Romania is and will remain a pillar of transatlantic cohesion on NATO's Eastern flank"
News in English 16 Aprilie 2025, 18:45

"Romania is and will remain a pillar of transatlantic cohesion on NATO's Eastern flank"

After the talks with the delegation of American congressmen, Prime Minister Marcel Ciolacu emphasized in a press release that...

"Romania is and will remain a pillar of transatlantic cohesion on NATO's Eastern flank"