Romania's largest carmaker Dacia to lay off some 4,000 people until April if sales go downPublish date: 14-01-2009
Romanian automaker Dacia, owned by France's Renault, could fire about 3,000 - 4,000 employees by April if sales fail to rise and on reduced orders, said the company's executive manager for communication, Liviu Ion.
He said no one wants to take drastic measures, but if sales for new vehicles remain at the same low level as in the past three months, than the company is likely to dismiss some employees.
Ion also mentioned some urgent measures are needed in a bid to solve the crisis, like keeping the pollution tax, encouraging lending and continuing the Rabla program which allows car owners to trade in old, polluting vehicles for new-car discounts.
Thousands of employees from Dacia went back to work yesterday after a month of technical unemployment and planned a protest for today to draw attention upon the importance of jobs in car making industry.
The carmaker closed doors at its plant from December 11 last year until January 11 after demand shrank because of the brutal fall of the car market, caused by the global crisis. The company will cut production from 1,360 to 1,085 cars daily and will also reduce the investment budget, from 250 to 150 million euros.
The employees that were sent home in technical unemployment received 85 percent of their gross salary and meal tickets for December. As many as 620 people who had contracts with the company for a limited period of time were laid off at the end of last year, as contracts were not renewed.
The main providers of Dacia also had to send home their employees from December 11 last year until January 11.
The head of the union, Nicolae Pavelescu, warned workers could be temporarily sent on vacation again in the following days because orders are low.
- Insurance market stagnated in 2013 while GDP chare dropped to 1.3%
- The Romanian Leasing Market as of December 31, 2013
- Millennium Bank reports best results since its launch, helped by stronger banking income and cost cuts
- BCR cheapens First Home loans and lowers interest loans for loans in lei
- Millennium Bank's new Salary account clients receive up to 600 lei bonus and their utility bills' payment
- GarantiBank and Seamless introduce SEQR in Romania: the newest mobile payment solution
- Bancpost telecom services, now provided exclusively by Romtelecom and COSMOTE Romania
- Millennium Bank cards offer discounts in Domo stores
- BCR Supervisory Board reshuffles Management Board
- NBR decide to lower the monetary policy rate to 4.25 percent per annum
- Common appointments in Romtelecom and COSMOTE Romania
- Up to 5.5% annual interest rate for Millennium Bank's promotional three-month lei deposit
- Eurozone in recovery mode but gap between North and South still widening
- UniCredit Tiriac Bank and RBS Romania announce the successful completion of the retail clients' migration
- Millennium Bank grants First House loans in lei