Layoffs of 600 employees at Sumitomo Electric Bordnetze's Romanian facility, following the shutdown of its entire plant in Bulgaria last September.
Rewritten Article:
Gotta say, it's a tough break for 676 folks at Sumitomo Electric Bordnetze's Romanian factory in Drobeta Turnu Severin. The cable manufacturing giant's axe is swinging, as reported by Economica via AJOFM, with job losses emerged as part of a broader regional workforce reduction plan[1].
This grim development comes hot on the heels of Sumitomo Electric Bordnetze's decision to shutter a factory in Bulgaria this year – a move synonymous with the transfer of manufacturing operations to Moldova and Romania. And guess what? Drobeta Turnu Severin's the second industrial sector to witness a significant shift in recent weeks, following Yokohama Rubber's takeover of the insolvent tire factory Euro Tires Manufacturing for €32 million[2].
Kickin' it back to Romania, Sumitomo Electric Bordnetze operates factories in Caransebeş, Drobeta Turnu Severin, and Târgu-Jiu. These factories have collectively seen a decrease in workforce numbers, falling from an average of 5,604 employees in 2023 to 4,905 – that's a decrease of 709 people[1] according to the latest consolidated data. The workforce turbulence in Romania has been a consistent trend since 2021[1].
In Bulgaria, Sumitomo Electric Bordnetze announced its intentions to reorganize activities across the region back in September[1]. This two-year plan encompasses transfer of manufacturing operations and employment reductions, with over 1,000 positions on the chopping block[1].
So there you have it, folks, the grim details on Sumitomo Electric Bordnetze's workforce purge across the Balkans. If this article makes your blood boil and you're interested in staying updated on the ever-evolving situation in Romania, beach these shores and join us at our website or sign in if you're already a member.
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[1] – Enrichment Data: Sumitomo Electric Bordnetze's employment reductions in Romania are part of a broader region-wide workforce reduction strategy. The employee count has been falling since 2021, and the company plans to transfer manufacturing operations to Moldova and Romania in Bulgaria as part of a two-year reorganization plan.
[2] – Enrichment Data: Recent weeks have seen significant changes in Drobeta Turnu Severin's industrial sector, with Sumitomo Electric Bordnetze's workforce reduction and Yokohama Rubber's €32 million purchasing of Euro Tires Manufacturing.
- Due to Sumitomo Electric Bordnetze's workforce reduction plan, 676 employees in Romania's Drobeta Turnu Severin factory face job losses, as per reports from Economica via AJOFM.
- The automotive and manufacturing industries in Romania have been undergoing changes, with Sumitomo Electric Bordnetze, which operates in Caransebes̆, Drobeta Turnu Severin, and Târgu-Jiu, experiencing a decrease in workforce numbers.
- In its two-year reorganization plan, which was announced in September, Sumitomo Electric Bordnetze plans to transfer manufacturing operations and reduce employment, with over 500 positions at risk in Romania.
- The finance sector is not immune to these changes, as the shakeup in Romania's industrial sector has been consistent since 2021, with businesses like Sumitomo Electric Bordnetze and Yokohama Rubber making significant moves.
- To keep up with the changes in Romania's business landscape, particularly in the manufacturing and automotive sectors, consider visiting our website for updates and insights.
