The company will also transfer staff to other departments and will renounce several contracts with third parties, with the view to increasing productivity and cutting costs, ArcelorMittal Galati said in a press release. A part of the services provided by these contractors will be taken over by the company and will be assigned to its employees.
The voluntary leave scheme targets only staff within the Structural & Skill Pool department, who will receive compensation considering seniority and their current wages.
Some 19,000 ArcelorMittal Galati (former Sidex Galati) employees have left the company over the past 11 years. The company currently employs about 9,000 people.
Sidex Galati was privatized in November 2001, when it had 27,000 employees. The company was bought by LNM Holdings NV, which later became ArcelorMittal. The value of the deal was $70 million and the buyer pledged to invest $350 million in different sectors, especially environment protection.