newsweek.ro/social/o-fabrica-veche-din-romania-se-

A pipe factory in Iași, Romania, is set to close, affecting 194 employees due to supply issues linked to the Ukraine conflict. The factory, acquired by Ukrainian billionaire Rinat Ahmetov's Metinvest group less than a year ago, has struggled with raw material shortages, leading to the decision to cease operations. Employees will receive severance payments based on their tenure, with those having over 30 years of service eligible for up to 25,000 lei. The closure highlights the impact of the ongoing war on local industries and the challenges faced in sourcing materials from alternative suppliers in Europe.