“According to the notification received from SC Taparo SA Targu Lapus, 379 people will be laid off, who were mostly employed to make furniture. At the moment, we do not have all the data about the professional training of the people affected,” Mihaela Oana Osanu, executive director with AJOFM Maramures told ZF.
Taparo filed for insolvency in November, after having filed for preventive composition previously but being denied that.
Taparo’s insolvency is the first major negative signal for the furniture sector in Romania, where furniture production went down in 2022, 2023 and the first few months of 2024.
The last few years have not been good for the Maramures-based company. It posted RON202 million revenue in 2023, 11% lower than in 2022, Finance Ministry data show. It turned a net profit, however, last year, RON1.7 million, compared with RON23 million loss in the year before. Taparo is held by Ioan Filip (95%) and Lucia Stelea.
(English version by Loredana Fratila-Cristescu)