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Characteristics Regarding the Restructuring of Borzeºti Industrial Platform

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  • ªtreangã Constantin

    (University of Bucharest, Faculty of Geography)

Abstract

Borzeºti Industrial Platform was built after the year of 1950 as a result of country’s industrialization made by the communist administration. Thus, the great industrial units appeared: the Refinery no. 10, the Chemical Plant, the Synthetic Rubber Plant which formed the Borzeºti Petrochemical Platform, the Steam Power Plant and the Chemical Equipment Enterprise were also remarkable and in all these over 22,000 of employees were working as of the late 80’s. In the post-December period these industrial units have passed to massive restructuring because they had reduced very much the activity, moreover numerous sections ceased activity due to the lack of raw materials as a result of loosing certain marketplaces or of the reduced investments during the last decades. After the year 2000 the industrial giants from the platform barely work and a few companies have closed turning into unemployed thousands of people, who had to search for work abroad.

Suggested Citation

  • ªtreangã Constantin, 2014. "Characteristics Regarding the Restructuring of Borzeºti Industrial Platform," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 238-243, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:238-243
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    More about this item

    Keywords

    Borzeºti Industrial Platform; employees;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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