“Modernization works target to improve the quality of products and services for clients and enhance workplace safety”, the company said.
Modernization operations consist in temporarily halting the hot flow for approximately four weeks without affecting clients or the activity of rolling mills due to preparations beforehand.
The company currently has 5,975 employees. When privatized, back in 2001, Arce¬lorMit¬tal Galati had some 27,600 employees, which means the number of employees fell over four times until 2016.
The company ended 2016 with a turnover f nearly RON3.5 billion (EUR786 million), down nearly 8% on the year, and a loss of RON271 million (EUR60 million), lower by just 9% on the year, according to Finance Ministry data.