Restructuring events
European Restructuring Monitor (ERM)
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.
CrisTim, a Romanian company active in the agribusiness sector, has announced the creation of 200 new jobs at its Filipestii de Padure plant (Prahova County). Following investmnets worth around €230 million, CrisTim plans to reach 2,700 employees by the end of 2023.
Given its location in small town, the plant recruits employees from as far as 100km away. In addition to salaries, employees receive a generous package of benefits including health insurance and the opportunity to secure advantageous loans from the company.
Eurofound (2023), CrisTim, Business expansion in Romania, factsheet number 109229, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109229.