newsweek.ro/actualitate/guvernul-incearca-sa-salve

The Romanian government is working on a restructuring plan to save the Galați Steel Plant from bankruptcy, aiming to protect jobs and production capacity. Prime Minister Luca Niculescu convened a meeting to discuss solutions for the plant's future. The plan, presented by administrators, is crucial for the economy and seeks creditor approval. To safeguard the 2,400 jobs, the Ministry of Labor will extend salary payments for six months through a guarantee fund. During this period, negotiations with five potential investors will take place, with three already showing interest. Timely approval of the restructuring plan is essential to prevent bankruptcy, which would have severe economic consequences.