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An Old Factory in Romania Closes. 194 Employees, Laid Off Before Christmas. What's the Reason? • Newsweek Romania

Summary by newsweek.ro
A pipe factory in Iasi, bought last year by the Ukrainian billionaire Rinat Ahmetov, is to close. Of the 195 employees, 194 are targeted for collective redundancy. Older employees would receive compensation payments of up to 25,000 lei.
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18 Articles

The Metinvest Tubular factory in Iasi, owned by Ukrainian billionaire Rinat Ahmetov and one of the oldest industrial units in the county, will be closed, and 194 employees will be fired. Metinvest Tubular Iasi, former ArcelMittal Tubular Products and Tepro, notified the County Agency for the Occupation of the Labour Force (AJOFM) and the Territorial Labour Inspectorate [...] Article Ukrainian Miliard Rinat Ahmetov closes an important factory in …

Metinvest, the largest Ukrainian steel producer, is closing its plant in Romania. 194 of the 195 employees of the Iași company will be laid off.

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The founder of the Donetsk Sahtior has definitively established the activity of the Metinvest Tubular combination from Iasi, as a result of Russian attacks in Ukraine that blocked the supply chain with steel.

The Ukrainian businessman kept one of the 195 employees he owns at the factory in Romania, the others being fired by the end of the year. He closes one of the few factories in Romania that produced pipes. It is about Metinvest Tubular in Iasi, held in November 2025 by Rinat Ahmetov. No [...]

Metinvest Tubular Iași, the former ArcelMittal Tubular Products, is about to close. 194 employees are targeted by a collective dismissal procedure that is to be triggered, and the county agency for the occupation of labor forces and territorial labour inspectorate is already notified, writes the Iași newspaper.

Metinvest Tubular Iasi has notified the dismissal of 194 out of 195 employees. The compensation announced depends on the old.

·Romania
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newsweek.ro broke the news on Friday, October 30, 2026.
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