The ArcelorMittal Steel Plant in Hunedoara announced it decided to reduce its activity from December 9 until the end of 2024 as a consequence of the lack of orders during this period.
The company will pay 75% of the wages to its 600 employees.
The company’s losses more than doubled to RON 80 million (EUR 16 million) in January-September, while its revenues decreased by 13% YoY, to RON 420 million. Its market capitalisation dropped by 3.45%, to RON 56 million.
The ArcelorMittal Group owns two more production units in Romania, in Iasi and Roman, and has approximately 127,000 employees worldwide. (Romania-Insider)
