According to data obtained by Ziarul Financiar, the group has already closed its plant in Pitesti, but operations continue in Bistrita and Hunedoara.
Leoni entered the Romanian market in 2000, when it opened the first Wiring Systems Division factory in Arad. It then opened plants in Bistrita (2002) and Pitesti (2005), followed by work points in Beius (Bihor county), Ludus (Mures county), Marghita (Bihor county) and Bumbesti-Jiu (Hunedoara county).
Leoni has around 13,000 employees in Romania.
Leoni said it expects the automotive business of the Wire & Cable Solutions Division to suffer subsequent declines and production limitations. For the time being, production for the industrial business of the Wire & Cables Division will be maintained, although some losses are to be expected.
The implementation of these measures will significantly reduce material and personnel costs, the group said in a statement Monday.
Leoni said it will take up the offer of the German Government and plans to apply for financial aid. These funds will increase the financial flexibility of the company and are to be used at group level to ensure the continuation of business operations. to apply for financial aid to increase its financial flexibility.