Russia’s Mechel May Close One Romanian Unit, Money Channel Says
OAO Mechel (MTLR), Russia’s largest producer of coal for steelmakers, may shut down one of its Romanian units beginning in September, private television station The Money Channel reported, citing union members.
Mechel seeks to fire about 800 employees from its Campia Turzii unit in the center of the country, a measure that could be followed by a complete shutdown of the unit, according to The Money Channel.
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