The Communist regime fell in 1989, and CSR had begun to decline by 1993. In December 1994, a demonstration of the 6,800 remaining workers and 30,000 Reșița residents brought about investments and new equipment. CSR became a public company in 1996. Its first privatization in 2000, undertaken by a government eager to be divested of a debt-ridden entity, was a failure. CSR's takeover by an American company accused of failing to fulfill its promise of improving the plant led to labor unrest. This was exploited by the extremist Greater Romania Party, which took control of regular demonstrations where slogans against joining the European Union and NATO became increasingly commonplace; finally, in June 2001, the government announced it would go to court to scrap the contract because of the nationwide "economic and social destabilization" risked by allowing the situation to continue. The process was restarted in 2003, and the following year, the state sold it off. A subsidiary of the Russian firm OAO TMK, it has been known as TMK Reșița since 2006. It produces tubular billets, heavy round profiles and blooms, and started putting out blanks in 2007. By 2011, the number of employees had fallen to 800, from 10,400 in 1990.