Internal restructuring
Nord-Est; Suceava;
Location of affected unit(s)
Siret and Radauti
Manufacture Of Wood And Paper Materials
Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials
16.10 - Sawmilling and planing of wood

600 jobs
Number of planned job losses
Job loss
Announcement Date
18 January 2022
Employment effect (start)
18 January 2022
Foreseen end date
31 March 2022


The Austrian  wood processing company HS Timber Productions is reducing production at its Romanian mills by 30%. 600 employees will be affected by the restructuring.

As of 30 March 2022, the company will close its solid wood panels factory in Siret (Suceava County). Furthermore, in the Radauti factory (Suceava County) lumber processing operations will be interrupted.

According to the company, there are several reasons for the restructuring including the difficult conditions in the timber market, the lack of rail infrastructure in the region and high bureaucratic costs. Furthermore, the company cites difficulties associated with the production of green energy and the sale of green certificates as a reason for the restructuring.

The company aims to reduce the social impact of the restructuring process by offering affected workers jobs at its other factories in Romania.

The company continues to operate two sawmills and a panel mill in two other locations. It currently has approximately 2,400 employees.



Eurofound (2022), HS Timber Productions, Internal restructuring in Romania, factsheet number 106174, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106174.