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 Food And Beverage Manufacture Of Food Products 10.81 - Manufacture of sugar
214 jobs Number of planned job losses
Announcement Date
4 January 2018
Employment effect (start)
4 January 2018
Foreseen end date
31 May 2018
Description
German producer of sugar and sugar confectionary, Pfeifer&Langen, has announced the closure of its plant in Oradea which will result in the loss of all 214 permanent full time positions. The Oradea plant will be closed by early Spring 2018.
The company’s representative stated that the Oradea plant is no longer profitable. One of the main reasons for this as cited by the company, is the comparatively high cost of sugar in Romania, where the company pays €516 per tonne, whereas in Germany and Poland, the price per tonne stands at €320. The trade union has so far not reacted to the announcement.
Negotiations with the management of the plant were initiated in December 2017 by a local company Agroind Cauaceu which tried unsuccessfully to buy the plant from the German owner.
Pfeifer&Langen has 214 employees in Romania through its subsidiary Zaharul Bihor. The Oradea plant, which is set to close, was established in 2011.
Eurofound (2018), Pfeifer&Langen, Closure in Romania, factsheet number 93019, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93019.
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