Romanian steel mill ArcelorMittal Hunedoara suspends operations due to high energy prices
<p>Romanian steel mill ArcelorMittal Hunedoara temporarily suspends activity, starting February 14 until the end of March, with the payment of only 75% of the basic salary of the employees affected by this measure.</p>

<p>The company cited very high electricity prices, <a href="https://www.profit.ro/perspective/ultima-ora-arcelormittal-hunedoara-intrerupe-temporar-activitatea-cu-plata-salariilor-doar-in-limita-a-75-din-cauza-preturilor-foarte-mari-la-energia-electrica-21933057?mc_cid=93cb98a58e&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Profit.ro</a> reported.</p>

<p>In December, ArcelorMittal Hunedoara also temporarily reduced activity, with wages paid only at 75%.</p>

<p>The decision was justified at the time by the economic difficulties the company faces, caused by the lack of orders and, implicitly, the volume of production, as well as a measure to protect employees.</p>

<p><em>iulian@romania-insider.com</em></p>

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