The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture of electrical, electronic and optical products Manufacture of electrical equipment 27.5 - Manufacture of domestic appliances
450 - 519 jobs Number of planned job losses
Announcement Date
20 January 2025
Employment effect (start)
20 January 2025
Foreseen end date
30 June 2025
Description
Haier Tech, a Chinese multinational home appliances and consumer electronics company, announced the closure of the plant in Aricestii Rahtivani (Prahova County) which employed 988 people at the beginning of 2024. All employees will be made redundant as the efficiency plan announced last year has failed. In early 2024, the company implemented a cost-cutting program at its Ariceștii Rahtivani plant, which included collective layoffs: Haier Tech 2024: Romania.
In the first phase, the collective redundancies will affect around 420-450 employees. Up to 519 will remain under contract until the complete disassembly of the equipment and closure of the plant. The first collective redundancy will take effect by the end of March.
The company announced that the decision is the result of an overall strategic review that includes key restructuring actions as part of a broader transformation plan for Haier Europe, with the aim of restoring profitability. The company cited market stagnation and a significant downturn in Europe, with double-digit percentages in some critical markets, rising costs for imported goods and competitive pressure.
Eurofound (2025), Haier Tech, Closure in Romania, factsheet number 202221, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202221.
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