Romanian Firms Cut Jobs, Output

Three Romanian chemical companies have announced job cuts and output reductions due to the economic downturn. Oltchim (Ramnicu Valcea, Romania) says it will lay off 550 workers, 11% of its workforce, at the end of this month and cut production by 20%-40%. The company makes chlorine and caustic soda, polyvinyl chloride, oxo-alcohols, and phthalic anhydride. Azomures (Targu Mures, Romania) will cut about 240 jobs and reduce output 50%. The firm is Romania’s only producer of melamine and a manufacturer of fertilizers. Arpechim, a Petrom (Bucharest) subsidiary...

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