Gloomy forecast: 1 M unemployed in 2009

Two of the companies announcing extreme measures are based in Sighetu Marmatiei: Mecanica S.A. and Consim S.A. Data provided by the County Employment Agency indicates that nearly 300 people will become jobless in that locality.

The management of UAMT Oradea, company specializing in the production of automotive parts and accessories, have recently informed that they were considering a possible temporary suspension of activity because, having been affected by the work cease at the Dacia automotive plant. Several Italian investors in the county have also informed they might close down because of lack of orders. Among many other undertakings, Soft drinks industry leaders Coca-Cola and Pepsi expect a slowdown in their growth on the Romanian market which will lead to notable lay-offs. On the other hand, European Food and Drinks have announced postponing investment and in the meantime try to take advantage of the weaker Romanian currency that makes import goods more expensive. However, manufacturers keep their hopes up thanks to the mineral water. They think crisis will hit there last, because it is a product addressed to al segments of the public.