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Oltchim to make 831 employees redundant

de A.C.
Joi, 13 martie 2008, 19:56 English | Business

Romanian chemical company Oltchim Ramnicu Valcea will make redundant 831 employees from one of its divisions, after selling the assets of that division, company representatives have declared. The division represents several food factories and they were bought on January 31 by Carvil Mizil in a public tender.

The deadline to conclude the contract is March 31. Oltchim obtained a net profit of 3.37 million Romanian RON in the first nine months of last year, 57.72 % less than in the similar period of 2006. The social capital of the company totals 32.36 million Romanian Ron.

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