The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
450 jobs Number of planned job creations
Announcement Date
11 January 2023
Employment effect (start)
11 January 2023
Foreseen end date
31 December 2023
Description
5 to go, a Romanian company which offers coffee products at the ‘fair price’ of 5 RON (approx. €1) is to hire 450 new workers by the end of 2023. In 2022, the company opened 150 new cafes, reaching a market share of 55%. In addition, by the end of 2022, the company had a workforce of 1,050 employees. Â
For 2023, the company targets 30 new cities, seeking to strenghten its presence in its market segment. It also plans to list new products, developing the range of organic and vegan products as well as environmentally friendly variants. In addition, the company will focus on product innovation and on concepts and campaigns aimed at boosting its revenue.
The company representatives announced that the new directions are expected to have a positive impact on turnover, with an estimated €40 million at group level in 2023.
The company was established in 2015 by two Romanian entrepreneurs.Â
Eurofound (2023), 5 to go, Business expansion in Romania, factsheet number 108200, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108200.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
