EnglishArcelor Mittal Galati is planning to lay off 1,000 workers this year, according to a Rompres report. Those who voluntarily leave the steel works may receive severance of 14,000 or 16,000 or 18,000 RON plus the equivalent of their last salary over 6 or 9 or 12 months plus unemployment benefits.
The layoffs will become effective in two steps, probably in May and October. This is the seventh layoff campaign since the steel works was privatized in 2001.
When this one is over, only 14,000 employees will be left, which is less than half the number recorded upon privatization. The previous layoff campaign took place in July 2006, when nearly 1,500 steel workers had to go.
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