English
Shares in Rulmentul - Brasov (RBR) were suspended from trading yesterday, pending the outcome of a Board meeting that was supposed to decide on the initiation of liquidation procedures. However, the meeting was postponed for February 15th as two of the Board members could not attend. Rulmentul is indebted to the State and has been given six months to turn private, reorganize or liquidate. The Government has also decided that, if workers are fired, severance equals two times the net average salary in Romania. At the end of 2006, Rulmentul reported 2,263 employees.
Rulmentul Liquidation, Postponed
F.A.
Ziarul BURSA #English Section / 9 februarie 2007
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