Romanian Car Mkr Dacia To Halt Production Between Nov 20, 21

At the same time, the gearbox production, as well as other activities within the Mechanical Plant will unfold normally.

 

Dacia currently produces 1,360 cars per day, and the factory’s interruption will be equivalent to 8,160 which will not be produced.

 

Employees who will remain at home during the cease of production will receive 85% of their gross salaries, in accordance with the 2008 Dacia collective labor contract.

 

At the same time, they will receive food stamps for the days in which activity was halted. The stamps were given to them in advance.

 

The Dacia plant in Mioveni produced 224,043 cars in the first ten months of the year, more the entire 2007 production, which was of 222,914 units.

 

At the Mioveni plant, activity has been previously interrupted for three weeks, between March and April, because of an employee strike. Renault-Dacia did not release the number of cars not made because of the strike, but said losses reached EUR13 million. In addition, as soon as the strike was stopped, Dacia communication director Liviu Ion told MEDIAFAX that the objectives for 2008 will be met, as production missed during the strike will be recovered during the year.

 

Dacia revenues grew by 24.5% last year, from RON5.78 billion (some EUR1.6 billion) to RON7.2 billion (some EUR2.15 billion).

 

At the same time, the company’s net profits grew by 17.2%, from RON377.27 million (EUR107 million) to RON442.34 million (EUR132.54 million).