August 13 liberty Tubular Products Galati, a subsidiary of liberty Galati and a previously profitable unit, submitted a bankruptcy statement and officially entered the legal protection process. After this submission, the court Galatz approved the four -month suspension of executive actions. During this period, the company must submit a plan of restructuring for two months.
Despite this legal protection, the company's chances of restoration are vague. Local media and market players note that liberty Tubular Products currently does not have financial support and active production, which makes the turn unlikely.
the case is closely related to the difficulties of his mother's company liberty Galanti, which previously reported by Steelorbis , also joined the legal protection process in March 2025. Although his restructuring plan was approved this month, the Romanian tax authority voted against it, and the company tried to pay salaries in time, creating tension in relations with employees. liberty Galati in Romania, causing serious fears about its future activities.
