Nestlé Romania to close plant, move production to Hungary
Nestlé Romania has announced that it will start procedures to close down its production unit in Timisoara by May 2019, according to multiple reports in the Romanian media.
Photo: Dmitrijs Kaminskis/Shutterstock.com
"The closing of the Timisoara unit was an extremely difficult decision which we took after detailed analysis. Locally, Nestlé is operating on a rapidly-changing market with new consumption patterns and a labor deficit, in a competitive environment," Hotnews.ro quoted Leszek Wacirz, country manager of Nestlé Romania, as saying.
The brands produced in Timisoara will not disappear from the market, as production will be relocated to Hungary, reported the RomaniaJournal.ro. The Timisoara plant was acquired by the Swiss giant in 2000 and had an annual production of more than 10,000 tonnes of sweets and coffee.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.