Constantin Toma, owner of the Romet Buzau group, which operatesin the water, energy, and farming sectors, says it saw a 7%turnover rise last year, to over 800 million RON (around 200million euros), thanks to expanding export operations and toboosting the number of contracts for supplying products andservices for EU-funded projects. Toma, one of the richest men inBuzau, started out in the business world in 1990 by selling fencesand farming equipment, and later expanded his operations into thewater industry.
"Last year we started our own anticrisis programme, whichentailed both drastic costs cuts, and coming up with new productsand technologies. As far as fixed costs are concerned, the biggestcut was made by cutting personnel not directly involved inproduction by 15% and salaries that exceeded a certain level by30%," Toma told ZF. The Romet group ended last year with 500employees, 16% fewer against the previous year.
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