Rulmentul EGM Approved Voluntary Liquidation

F.A.
Ziarul BURSA #English Section / 8 martie 2007

The Extraordinary General Meeting of shareholders in Rulmentul held on Tuesday approved the company"s voluntary dissolution and the layoff of 2000 employees. Also, Victor Apostol, an employee of the Authority for State Assets Recovery, was assigned as sole administrator of the company.

According to union leader Gabriel Dachim, quoted by Rompress, SIF Transilvania, which holds 2,3% in the company, voted against the voluntary dissolution, whereas the representative of Orizont Oradea, holding 13% in Rulmentul, left the room, threatening to take legal action against all decisions made in the EGM

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