German-owned automotive parts plant shuts down in Ukraine after Russian attacks
German-owned automotive components manufacturer Kromberg & Schubert has halted operations at its plant in Ukraine's Zhytomyr Oblast following Russian attacks, putting 3,600 jobs at risk, regional governor Vitalii Bunechko said on October 21
The plant, which was fully backed by German investment, was one of the region's largest taxpayers and employers.
"This is a serious blow to Zhytomyr Oblast: the livelihoods of 3,600 employees are at risk, along with millions of hryvnias in tax revenues," Bunechko said.
He added that the company's management and owners were working on ways to provide employment for affected workers. Some may relocate abroad, while others could be offered jobs in other Ukrainian cities.
Russian forces struck the company's facility in Zhytomyr Oblast in August, causing substantial damage to its production capacity.
The announcement follows Kromberg & Schubert's October 17 report that it had also suspended operations at its plant in Lutsk after a Russian attack.
Kromberg & Schubert manufactures electrical systems, wiring and plastic components for the automotive and industrial sectors. The company employs more than 50,000 people across over 40 locations worldwide.