Natuzzi Transfers part of its Furniture Production from Italy to its Factory in Baia Mare

The Italian high-end furniture manufacturer, Natuzzi, which is in financial difficulty, will transfer approximately 8% of its production from its Italian factories to Romania. According to the company, the measure is temporary.

Thus, Natuzzi will transfer part of its production from Italy to Romania, as part of a voluntary restructuring process, which includes layoffs and reduced working hours for over 1,700 employees. Amid the impact of the customs tariffs imposed by the US and a difficult business environment, Natuzzi has initiated a negotiated crisis management procedure, in order to “reestablish a sustainable economic and financial balance”.

Natuzzi is present in Romania through the Italsofa Baia Mare factory, where it produces sofas and armchairs.

Source: Profit.ro