“The need for restructuring comes as a result of lower purchasing power and the lack of a proper financing of the business, which caused the financial weakness of the company. The decision is aimed at recovering the business (…),” the company said in a statement.
During the reorganization process, the company plans to keep the jobs and the structure of production and distribution units. The reorganization plan includes a 25% increase of the production capacity, in a “strategic partnership”.
In 2013, Oncos group reported a turnover of over RON148 million.
Established in 1991, Oncos group employs over 800 staff in its units in Cluj, Salaj, Mures and Bistrita-Nasaud counties.
The company also exports its products to Hungary, Italy, the Czech Republic, Slovakia, and Greece.