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An Indian giant is planning restructuring at its Ghimbav factory, which employs 190 workers, to cut costs and stop operational losses. The facility has faced rising costs and has reported losses since 2021. The company aims to achieve operational profitability by March 2027, depending on various factors. The CEO expressed optimism about improving cost structures and operational efficiency. However, details on the number of affected employees and estimated reorganization costs remain undisclosed. The group is a leading manufacturer of brass cages for bearings globally, with significant operations in India, China, and Romania.
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