Romanian steelmaker sends 1,700 employees on leave
Romanian steelmaker Mechel Targoviste has sent 1,700 employees on paid leave due to ``low demand for metal products on the markets and overstocking of its storage facilities,'' Russian parent company Mechel informs Steel Business Briefing.
The top 200 private companies in Romania hit a total turnover worth 64.9 billion euros in 2008, that is a growth by 9.80 percent on 2007, when the total turnover was 59.1 billion euros, according to data provided by the National Trade Register Office.