09 November 2009 11:51 [Source: ICIS news]
BUCHAREST (ICIS news)--Refiner Arpechim is to cut 360 jobs at its petrochemical unit at Pitesti, Romania, by the end of the year, a Romanian national trade union confederation said on Monday.
“The people will be dismissed gradually, but all of them will finally receive redundancy payments,” said trade union leader Marian Dumitru.
Arpechim employs approximately 500 people at its Pitesti petrochemical unit.
The decision to cut the jobs came after Petrom, Arpechim’s owner, notified the local government in September that it would begin formal procedures to make substantial redundancies at the unit.
Petrom is owned by Austrian energy and petrochemicals major OMV.
Arpechim’s 200,000 tonne/year ethylene plant at the ?xml:namespace>
Romanian chemical company Oltchim, which is linked to Arpechim’s
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