Tue, May 22 2012

Radomir Metal Industries to offload a further 100 staff

Tue, Jul 21 2009 10:59 CET

byNick Iliev

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Radomir Metal Industries to offload a further 100 staff

Radomir Metal Industries, the largest factory in the Radomir Municipality, is poised to make a further100 people redundant, according to a company statement by executive director Lyudmil Alexandrov, as quoted by Investor.bg

"The measure is in light of the deteriorating economic crisis. The redundancies will encompass all branches and sectors of the factory," he said.

This is the second time Radomir Metal Industries cuts staff, following the 600 workers let go in March 2009. More than 60 per cent of the staff of the company are currently employed part time. Towards the end of August, an additional 10 per cent of employees will be on reduced working hours.

"Our traditional clients have been silent, we are getting no orders," said Alexandrov, quoted by Bulgarian news agency BTA.

"The factory is surviving because of small-scale orders from South East Asia – we have no European clients whatsoever," he said.

Production output has been slashed by 3.5 times as opposed to the first two quarters in 2009. Before the crisis, Radomir Metal Industries employed more than 1100 people, and more than 95 per cent of production was meant for export.

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