Interim trade union leader Corneliu Cernev said that by the end of this week, other three units of the plant will be restarted, which will function at a 25% total capacity.
Cernev added the employees are subsequently dissatisfied with the fact the Government has not kept its promise to give EUR40 million for the entire working capital.
On Monday, around 400 employees of Oltchim protested in front of the company, dissatisfied with having not received the back wages for September and October.
Six of the protesters entered hunger strike.
Early November, Economy Minister Daniel Chitoiu said Oltchim Ramnicu Valcea (OLT.RO) currently operates at 25% to 30% capacity, and with 800 employees of a total of 2,600. Chitoiu said the plant will reach a 60% capacity the following weeks.
Romania’s Government recently failed to privatize Oltchim because the winning bidder allegedly deceived authorities and the sale fell through.
Oltchim has 54.8% of its shares in the hands of the Economy Ministry, while Germany’s PCC SE holds an 18.32% stake.
Oltchim’s losses amount to about EUR400 million and it has debts of EUR580 million