The company said in statement Friday it was considering temporarily narrowing activity of certain production units in its factory in Calarasi starting December 1, 2019. The move would also entail the collective layoff of around 200 employees.
“During the period of activity restriction the company will carry on the necessary activities only: the verification, maintenance and repairs of the equipment belonging to its patrimony as well as current administrative issues,” it said.
Prefab Bucuresti posted a growth of nearly 70% in net profit in 2018, to RON2.2 million from RON1.3 million in 2017. Its turnover grew 5% on the year, to RON75.7 million.
Prefab is 83.01% owned by Romerica International (in turn owned by Marian Milut, who is Prefab’s general manger and board chairman), while regional investment fund SIF Muntenia owns 12.97%. The company has been in operation for over 47 years and has a stock market value fo RON44.8 million.