Tag: EC Hunedoara

Debt of insolvent EC Hunedoara increased – Romania, 30 August 2016

In early June, Iulia Alba Appeal Court has cancelled the insolvency of Energy Complex (EC) Hunedoara, according to the appeal made by Noroc Bun trade union against the sentence of syndic judge of entering in insolvency. However, the company filed for insolvency again and in late June, the Hunedoara Court approved the decision on reentering […]

State allocates 3.7 million euros as severance pays for miners – Romania, 25 August 2016

Romanian Government has allocated about 3.7 million euros to cover the severance payments to 3,070 employees of Energy Complex Oltenia, Energy Complex Hunedoara and Valea Jiului Mine Closure Society, who have been laid off. EC Oltenia will receive the majority of the amount, namely 2.8 million euros for compensation salaries for some 2,000 employees, EC […]