▁the ▁town ▁and ▁its ▁surr ound ings . ▁Rap id ▁development ▁under ▁commun ism ▁gave ▁way ▁after ▁the ▁ 1 9 8 9 ▁Revolution ▁to ▁a ▁slow ▁dis integration . ▁ ▁Priv at ization ▁and ▁after math ▁In ▁the ▁w ake ▁of ▁the ▁Revolution , ▁there ▁were ▁over ▁ 6 0 0 0 ▁employees ▁at ▁the ▁works , ▁which ▁covered ▁more ▁than ▁ 2 0 0 ▁ha ▁at ▁the ▁time . ▁Starting ▁in ▁ 1 9 9 5 , ▁several ▁million ▁dollars ▁were ▁inv ested ▁into ▁production ▁of ▁du ct ile ▁iron ▁tub es ▁in ▁the ▁second ▁furn ace , ▁an ▁achiev ement ▁mentioned ▁by ▁President ▁I on ▁I lies cu ▁during ▁the ▁following ▁year ' s ▁re - e lection ▁campaign . ▁However , ▁the ▁unit ▁lay ▁idle ▁within ▁a ▁few ▁years . ▁ ▁Priv at ization ▁took ▁place ▁in ▁ 1 9 9 8 , ▁when ▁the ▁works , ▁by ▁that ▁time ▁employ ing ▁ 1 5 0 0 , ▁were ▁broken ▁up ▁into ▁twelve ▁companies ▁that ▁began ▁to ▁go ▁bank rupt ▁one ▁by ▁one . ▁The ▁core ▁business ▁among ▁these , ▁called ▁Sid erm et , ▁produced ▁iron ▁tub es . ▁This ▁company ▁was ▁sold ▁by ▁the ▁state ▁in ▁ 2 0 0 3 ▁and ▁its ▁new ▁own ers ▁file d ▁for ▁bank rupt cy ▁in ▁late ▁ 2 0 0 5 . ▁By ▁that ▁point , ▁Sid erm et ▁had ▁ 2 0 0 ▁employees ▁remaining , ▁for ▁the ▁sole ▁purposes ▁of ▁saf egu arding ▁and ▁maintenance ▁of ▁the