www.mediafax.ro/politic/guvernul-incearca-sa-salve

The Romanian government is working on a restructuring plan for the Galați Steel Plant to avoid bankruptcy, focusing on job preservation and production capacity. Prime Minister Luca Niculescu convened a committee to discuss solutions, emphasizing the plant's economic significance. The plan aims to secure creditor approval and extend salary payments for employees for six months while negotiations with potential investors occur. Timely approval before the November 9 deadline is crucial to prevent bankruptcy, which would have severe economic repercussions and lead to job losses.