Between November 15 and November 30, the company suspended labor contracts for some 1,000 employees.
Throughout the furlough, the employees will only receive 80% of their base salary.
At the end of September, Oltchim had 3,470 employees. The company is 54.8% owned by the Economy Ministry, while German PCC SE holds 17.47% and UK investment fund Carlson Ventures holds a 14,02% stake.
Oltchim posted a loss of some 110 million lei (EUR26 million) in the third quarter of this year, concluding the first nine months with a loss of RON179.7 million.
Meanwhile, nine-month sales rose 38.3% to RON1.25 billion, from RON909.1 million.
Oltchim shares closed down 6.48% Thursday, to RON1.385. (EUR1=RON4.3525)