Kromberg will therefore cease making wiring in the city but continue with research and development. The decision comes several months after Kromberg & Schubert leased 2,000 square meters of office space in Vox Technology Park Timisoara for an R&D office now staffed by 200 people.
Kromberg & Schubert made the decision considering the trend of the labor market in Romania and sought to lower exposure to the Romanian market, the sources said. Another option was to sell the plant but keep the design operations.
Continental bought the Timisoara plant to expand the production capacity of its Contitech unit.
(English version by Loredana Fratila-Cristescu)