Frigoglass Moves Parts Production Back Home
Thursday, 03 October 2013
Greek refrigerator equipment maker Frigoglass will transfer part of its production from Romania and Turkey back home in an effort to keep its domestic plant operating and secure about 100 jobs, Reuters reported.
The move will turn the firm's historic plant in Kato Achaia in southern Greece into a spare parts maker for Europe and a refurbishment facility for beverage coolers, a company official said, as quoted by Reuters.
Workers at the plant have been on a three-day work schedule in the last two years, after the unit was hit by soft demand for coolers around the world.
Frigoglass said it would initially invest 500,000 to 800,000 euro in the plant and has proposed to workers a five-day week along with a wage cut.
Frigoglass has operations in 19 countries.