Mining Industry Restructuring And Its Consequences In The Local Economy Worldwide Economic Crisis

Purpose - The goal is to work as an objective overview of how coal mining activity in the Jiu Valley mining basin was conducted and its effectiveness through the results have an impact on local economy Methodology/approach - The methodology used consists of procedures used in this work priviind conversion and reorganization of this sector under the Mine Closure Manual, approved by Government Decision. Findings - Apreciation is given to the closure of inefficient mines with low productivity units, while activity performed according to consistent criteria and avoid social shock given the layoffs that devolution of service and divisions within this sector Research limitations/implications - Implications are given to reduce production capacity of the acute lack of investment over a long period, low productivity, massive layoffs of staff, local budget encumbrance that additional costs for support persons. Practical implications - Practical implications are to use mine closure criteria and selection criteria that use underground infrastructure recovery on economic indicators. Originality/value - Originality and value of this research is given to structure and prioritize the shutdown process by avoiding major social impact of restructuring actions.