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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