Nikmob, a company that makes furniture for the Swedish group Ikea, expects its turnover to increase by 12% this year to 14 million euros, company officials announced. Turnover rose to 12.6 million euros in 2004, up from 11.8 million euros in 2003. "Expectations for 2005 are less bullish because of the depreciation of the euro against the RON.
Given that we export 100% of our production, the effects of an almost 15% devaluation of the euro against the RON are devastating. We are trying to compensate for this by boosting labour productivity by 25%, but this will only allow our company to survive, without raising salaries and without laying people off," Nicolae Borsos, Nikmob''s sole administrator, told ZF Transilvania. The company invested some
2.3 million euros in retooling, increasing production, adapting
to international environmental standards and improving
working conditions in the period 1999-2004.
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