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Tractorul Brasov shut, some 2,000 laid off

Vineri, 23 februarie 2007, 0:00

According to the union leader, the restructuring program approved by the State Debt Recovery Agency differs from the proposition made by Tractorul's board. "1,800 employees are to be laid off in the first stage, the rest of 123 being scheduled for lay of within the following 30 days", said Apostu.

In the first scenario, 1,573 were to be laid of initially and the rest within 180 days.

The State Debt Recovery Agency holds 80.18% of the shares, SIF Transilvania holds 17.15%, the rest being divided among minor shareholders.

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