”The measures are taken against the backdrop of the difficult economic context caused by the Covid 19 pandemic, the state of emergency declared in Romania, the notifications submitted by suppliers and customers regarding the suspension of their activity, which triggers a steep decline in orders and the labor volume”, the company said in a stock market announcement.
Between April 1 and 30, the activity within the factory will be continued by a low number of employees, being adjusted to the volume of orders.
At the same time, the indirectly productive activity is reduced to a minimum.
Compa is 19.2% held by Ioan Deac, Chairman of the Executive Board and general manager, 18.75% owned by Ioan Miclea, and the remaining 62.2% is distributed among stock market investors, among which Norway’s Sovereign Wealth Fund.