Employees of Amonil Slobozia leave. Plant's fate is uncertain
Chemical fertilisers producer Amonil Slobozia (AMO) risks to lose its business and employees, as well, after having lost its main assets last year.
The company management announced on Monday that a significant
number of employees had terminated their labour contracts and would
become employed at Chemgas Holding. Although the number of
employees set to leave was not specified, Amonil says the activity
could be affected. The company had around 800 employees in the
first half of the year. In addition, the contract to process
methane gas, sealed with the Interagro group of businessman Ioan
Niculae, expires at the end of November, with Nicolae saying
recently he will close all his facilities unless the Government
extends the incentive of buying natural gas exclusively from the
domestic output, which is cheaper, granted a year ago to Romanian
producers in the chemical industry. The incentive expires at the
end of October, with producers currently negotiating its extension
with the Economy Ministry at least until the spring of next
year.
"I will close all plants after October 31st, with the exception of
the one in Slobozia, which I will keep open in November, because I
have a contract with it, which I have to complete," Niculae
threatened recently. Although he is talking about closing the
plant, there is no formal connection between Niculae and Amonil any
more, apart from the gas-processing contract. The Interagro group
held 8% in Amonil starting in 2007, which it sold on the Stock
Exchange at the end of 2008.