The approval of the debt restructuring plan will facilitate in the next five years the payment of RON18 million in payroll taxes to the state budget. This means the company will be able to keep its current 85 employees and will have sufficient resources to double jobs, starting 2023.
Also, debt restructuring creates premises for the company’s turnover growth, to RON70 million from RON30 million, during the same interval.
Satrotec AG is a Swiss-held international company which supplies systems for parts specific to the automotive industry. It has a competence center for project management located in Zurich and a production unit with 85 employees in Alba-Iulia.
Satrotec AG, founded in 2001 as a spin-off of company Honeywell-Satronic, has kept its entire team and its expertise of over 30 years in manufacturing car parts for the automotive industry.