Business

Kromberg & Schubert plant in Ukraine halts after Russian attacks

In brief

Zhytomyr's regional governor says 3,600 workers face uncertainty as the factory's management and owners seek alternative employment for them.

A Kromberg & Schubert factory in Ukraine's Zhytomyr region has stopped operating as a result of Russian attacks, regional military administration head Vitalii Bunechko said on October 21, according to Novynarnia. The publication described the plant as entirely German-invested.

Bunechko said the shutdown threatened the livelihoods of 3,600 employees and millions of hryvnias in tax revenue. He said management and the owners were working to find jobs for staff, with some likely to go abroad and others to work in other cities. His statement did not announce that all employees had been dismissed.

Kromberg & Schubert makes electrical systems, cables and plastic components for the automotive and industrial sectors. Another plant in the same group, in Lutsk, stopped operating after a Russian attack on October 17, Novynarnia reported. Its report did not specify the exact shutdown date for the Zhytomyr plant or a timetable for resuming operations.

Sources