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.
Unilever, a British consumer goods company dismissed 120 employees in Romania. With the closure of its Good People health food factory in Bucharest, the company decided the layoff of its personnel. The persons worked for the Frufru and Urban Monkey brands. According to the company’s representatives, the transition process will be manageable and smooth for all the parties, which are involved.
In addition, the company announced that employees with less than four years' seniority will receive two net salaries, and the others will get half a salary more for each additional year worked.
Late last week, Unilever made a public announcement regarding the sale of Romanian brands Frufru and Urban Monkey five years after their acquisition.
Eurofound (2024), Good People, Closure in Romania, factsheet number 200698, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200698.
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