Austrians shut down Buzău sugar plant for four months

Agrana Romania, the biggest domestic sugar producer, is set to halt the production of Buzău plant for four months, one of the biggest domestic sugar production facilities, starting this October.

The decision will hurt 133 employees who will be sent on technical unemployment during this period, according to company data.
Agrana Romania representatives have resorted to this cost cutting move for the second time during this year, after having sent 144 employees on technical unemployment in spring.
The domestic subsidiary of Austria’s Agrana Zucker group also owns a sugar processing plant in Roman, but it has not issued any similar decisions for the latter so far.
“We had hoped we would not have to make this decision again. This is the last move we make to slash costs as the company’s plans have not turned out as we wanted this year,” stated Emilian Dobrescu, the general manager of the company.
Agrana Romania last year reached 144.4m-euro turnover, up 1.6% in RON and down by over 11% in euros. At the same time, Agrana reported net losses of 1.7m RON (around 400,000 euros), against profit worth 15.7m RON (4.2m euros) in the previous year.
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