According to Pascu, the management of the company informed unionists about its plan to lay off 740 more workers, plus 60 employees ensuring security and fire prevention.
“We estimate employees will be made redundant in January 2013,” Pascu said, and added that unionists will resume protests at the end of October.
Russia’s steel giant Mechel will sell its Romanian business as part of a larger restructuring strategy to improve financial performance and increase market value, the company said in a statement recently.
According to Russian newspaper kommersant.ru, the steelmaker seeks to obtain $150 million from divesting its Romanian plants Mechel Targoviste, Mechel Campia Turzii, Laminorul Braila and Ductil Steel Otelu Rosu.
Mechel entered the Romanian market in 2002 and employs around 7,000 people.
Mechel has cut production and laid off workers at its plant in Campia Turzii due to low demand. In June, the plant started collective layoffs targeting 800 employees, and the process was completed in September.