JAF Romania

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Unu; Centru; Braşov
Location of affected unit(s)
Brasov
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
90 jobs
Number of planned job losses
Job loss
Announcement Date
10 August 2020
Employment effect (start)
10 August 2020
Foreseen end date
31 October 2020

Description

Austrian company JAF, manufacturer of wood and wood products has announced plans to cut 90 jobs by October 2020, at its Brasov plant. In 2018 the company registered net losses of RON 4,7 million (€ 1 million) while in 2019 it registered net losses of RON 47,3 million (€ 9.7 million).

The company states that they have to stop the production due to issues caused by COVID-19.

The unions did not react to the announcement.

JAF Group entered the Romanian market in 2006 and curently employs 350 workers. The JAF Group was founded in 1948 at the company’s head office in Stockerau (Austria), with employees at 59 sites in 18 countries including Austria, the Czech Republic, Slovakia, Hungary and Croatia.

Sources

Citation

Eurofound (2020), JAF Romania, Internal restructuring in Romania, factsheet number 101652, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101652.