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 Of Other Goods In Specialised Stores 47.7 - Retail Sale Of Other Goods In Specialised Stores
2,000 jobs Number of planned job creations
Announcement Date
17 October 2023
Employment effect (start)
17 October 2023
Foreseen end date
1 November 2023
Description
AFI Europe, an Israeli company specialising in real estate development and investment operations, will open a new retail park in Arad (Arad County) by November 2023, which is expected to generate some 2,000 new jobs.
AFI Europe owns, develops and manages properties and projects in Serbia, Czech Republic, Germany, Hungary, Bulgaria, Poland, Latvia and Romania with on-the-ground teams comprising more than 150 persons.
Headquartered in the Netherlands, AFI Europe is part of the AFI Group — an international holdings and investments conglomerate with subsidiaries that engage in real estate, construction, infrastructure, industry and hotels.
In Romania, AFI Europe already has several shopping centres in Bucharest, Ploiesti (Prahova County) and Brasov (Brasov County).
Eurofound (2023), AFI Europe, Business expansion in Romania, factsheet number 200400, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200400.
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.
