The measure was taken “considering the economic difficulties faced by the company due to the lack of orders and thus production volume, as well as a measure to protect employees.”
ArcelorMittal Hunedoara states that the reduction in activity began on June 20, 2022, but most employees have been granted rest leave, so the number of those paid 75% is low.
The company ended the first quarter of 2022 with a loss of RON29.7 million, up from the RON14.5 million in the first quarter of 2021, while revenue stood at RON196.6 million, up 41.4%, according to ZF’s calculations based on data from the quarterly report.
(English version by Loredana Fratila-Cristescu)