The company’s costs increased by over 33% to EUR 135.7 million in 2016, following a control of the Labor Inspectorate (ITM). The company had to recalculate the wages related to the extra work hours performed by employees in 2015. The costs with the employees’ benefit rose by 13.64% to some EUR 25.7 million.

“The recalculation resulted in additional expenses with employees’ benefits and with insurance and social protection expenses,” according to a report sent by the company to the Bucharest Stock Exchange.

Compa Sibiu was privatized in 1999, like many other state owned firms, via a Management Employee Buyout (MEBO). It has been something of a success story, managing to develop without a big, external shareholder.

The company is listed on the Bucharest Stock Exchange and has a capitalization of EUR 61 million. (source: Romania-insider.com)