Romania, Europe: Alro to layoff additional 1,200 in 2009
According to the company press-release: “Due to the decreasing aluminium price, which has dropped by more than 50% since mid July 2008, Vimetco has recommended at this weeks board meeting further cuts in aluminium production at Alro SA, as well as a further cut in headcount in Romania as part of an overall analysis of Vimetco’s global operations. Final decisions will be taken at next week’s board meeting of Alro SA which is due to take place at the beginning of next week. The production cuts which were discussed could go up to 50% of Alro’s capacity. Headcount will most likely be reduced by an additional 1,200 employees in 2009.”
- About Alro: Producing 283,000 metric tonnes of primary aluminium in 2007, Alro is the largest aluminium smelter in Central and Eastern Europe (excluding CIS). Alro is today one of Romania’s largest companies with an important contribution to the local and national economic development. The company is part of the international industrial and investment group Vimetco NV, which operates in the aluminium industry. Alro’s shares are traded on the Bucharest Stock Exchange, according to official information
