Amonil sacks 900 out 1,091

The management of chemical fertilisers producer Amonil Slobozia notified the union it will start to give the pink slip to 900 employees as of April 12, a step induced by cash troubles. “We notified the union of our plan and are to draw up the lists. We will probably cease operations as of May 1,” said Cornel Culea, the company’s executive manager. He added that the 900 employees out of 1,091 on the payroll were supposed to get two wages’ worth as severance pay, a 30bn ROL financial effort. The about 200 employees to be kept will be given installation guard and security duties. The representative of the company says Amonil’s debts are worth 300bn ROL at the moment. It also has 124bn ROL to recover from the local authorities for the thermal power and water supplied. He explained the company would need to make approximately $8m revenues a month so that it could pay its current and overdue bills in order to keep running. ZF