OLTCHIM
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Oltchim’s Former Deputy GM Named Interim CEO
Romania’s Economy Ministry has appointed Nicolae Radu Olaru as interim general manager of chemical company Oltchim SA (OLT.RO), following the resignation of Constantin Roibu, the ministry’s...
Oltchim Chief Resigns; 15 Managers To Follow Suit
Constantin Roibu, the general manager of Romania’s state-run chemical company Oltchim SA (OLT.RO), has resigned his position effective immediately, the company said in a statement Wednesday.
Oltchim Ramnicu-Valcea Employees Protest Over Unpaid Wages, Job Uncertainty
Over 300 employees of Romanian chemical plant Oltchim Ramnicu-Valcea (OLT.RO) protest Wednesday over the management’s delays in making a decision regarding the future of the plant.
Oltchim’s Special Administrator Resigns
Romanian state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO) Friday said Toma Bogdan Costreie has resigned from his position of special administrator, without giving a reason for his...
Oltchim Auction Put Off To September 18
Romania’s government has delayed until September 18 a sealed-bid auction for the privatization of state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO), the state’s privatization office...
Oltchim Drops Plan To Put Employees On Furlough
The management board of Romanian chemical plant Oltchim Ramnicu-Valcea (OLT.RO) on Friday decided to abandon its plan to put 506 employees on furlough for a month, the company said in a stat...
Oltchim To Be Privatized Through Sale Of State's Stake And Debts
Romania's Government has changed the privatization strategy for chemical producer Oltchim to a combined sale of the state's stake of 54.6% and the receivables held by privatization authority...
Oltchim To Put 506 Employees On Furlough Until September 30
Romanian chemical plant Oltchim Ramnicu-Valcea (OLT.RO) will put 506 employees on furlough between August 27 and September 30, because of the lack of working capital needed to restart petroc...
Oltchim 1H Loss More Than Doubles To RON188.2M
Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Monday said its net loss more than doubled on the year to 188.23 million lei (EUR41.54 million) in the first half, hu...