Croatian Dalmacijacement plans worker lay-off

Croatian Dalmacijacement plans worker lay-off
Published: 29 September 2005

Croatian cement producer Dalmacijacement-RMC Group, controlled by Cemex, said on Wednesday it planned to lay off around 100 of its 700 workers under restructuring undertaken by the owner.  Dalmacijacement joined the Cemex group in March, when the Mexican company completed the acquisition of the UK-based RMC Group, the parent company of the Croatian cement manufacturer. 

"The proposed changes would impact the organisation of the production process [...] and come as a result of detailed analysis of the current business activities and future needs of business operations," Dalmacijacement said in a statement.  Dalmacijacement also said it planned to expand its operations in Croatia in the production of concrete for transport facilities and aggregates, where the workers, who would lose their jobs under the restructuring, would be employed with priority.  Dalmacijacement’s net profit fell by 4.9 per cent on the year to 58.6 million kuna (US$9.4m) in the first half of 2005.