Romania: Dacia-Renault temporarily closes gates again

Activity at the Mioveni plant will resume on February 9. During the closing period, in agreement with the 2008 agreement, employees receive 85% of their gross salary, fully paid by the company. Dacia closed gates several times during recent months. Employees stayed home on October 30-31, on November 13-14, between November 20 and December 7, and December 11 and January 11. The company also announced that it plans to cut production from 1.360 to 1.085 cars daily and to reduce the investment budget, from €250 to €150 million. The Romanian car market is practically overrun by second-hand car imports. Indeed, the number of registrations of second-hand imports increased of 471%. This translates into three second-hand cars registered for each new vehicle sold in Romania starting November 2008.
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any also announced that it plans to cut production from 1.360 to 1.085 cars daily and to reduce the investment budget, from €250 to €150 million. The Romanian car market is practically overrun by second-hand car imports. Indeed, the number of registrations of second-hand imports increased of 471%. This translates into three second-hand cars registered for each new vehicle sold in Romania starting November 2008.

Planet Labor, February 5, 2009, No. 090124 – www.planetlabor.com

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