The company reduced activity to 30% of its capacity in August and sent a similar percentage of employees into furlough.
In September, the company will place 1,161 employees in furlough, after applying the measure to 1,025 employees between August 10 and 31.
At the moment, the company has a total 3,454 employees.
“Throughout furlough, employees receive 80% of their base salaries,” the company said.
Oltchim shareholders will discuss next week the contracting of loans worth EUR150 million, for working capital ad another EUR100 million for investment.
The Romanian government agreed with the International Monetary Fund to start the privatization of Oltchim by the end of the year.