The employees will be paid 80% of their base salary.
Oltchim’s staff was reduced to 3,348 in the first six months, from 3,468.
The company’s administrators have decided to suspend activity on the Ramnicu-Valcea chemical platform for the period August 27- September 30, to carry out scheduled maintenance.
The board of administrators also decided to appoint Adrian Radu acting administrator, following Grigore Craciunescu’s resignation.
Oltchim’s net loss more than doubled on the year to 188.23 million lei (EUR41.95 million) in the first half, hurt by lower sales.
Oltchim is majority owned by the Economy Ministry, with a 54.79% stake. (EUR1=RON4.487)