Romanian lead and zinc producer, Sometra Copsa Mica, has announced a temporary and partial shut down of activity, leaving 80% of its 1050 employees without a job.
The decision is being blamed on the current international economic situation which has led to a fall in demand and prices for the two commodities.
It is expected that the company will use take the opportunity to carry out maintenance at the plant.
Company officials have announced that they would offer financial help for those to be dismissed.
Sometra Copsa Mica is part of the Mytilineos group which owns companies in the mining, energy and defence industries. Mytilineos was founded in Greece in 1990 and has over 3000 employees.
Last year, Sometra produced 65,000 tonnes of zinc and 20,000 tonnes of lead.
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