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.
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14 - Manufacture of wearing apparel
300 jobs Number of planned job creations
Announcement Date
4 May 2005
Employment effect (start)
4 May 2005
Foreseen end date
Description
Although many companies in the Romanian ready-to-wear industry indicate a decline in lohn production, due to investors increasingly turning to lower-wage countries, Platanus ready-made clothes factory in Baraolt (Centru region, Covasna county) is set to expand, creating 250 new jobs in production and another 50 in a logistics centre to be established in partnership with a company from Germany.
The factory in Baraolt is the property of businessman Bock Dietrich. Since 1991, Dietrich has invested over €20 million in Romania and currently owns three other factories in Covasna county; two of these factories manufacture trousers: RHM in Estelnic, and TTC in the city of Sfântul Gheorghe. A third factory, RGT, provides washing and dyeing services and is located in Sfântul Gheorghe.
The four factories employ 1,700 employees. The main client is Hugo Boss and recently contracts have also been signed for Strellson, Escada, Toni Gard, Hilt, Leithauser.
In addition to business expansion at Platanus in Baraolt, businessman Bock Dietrich intends to have a 1,500-2,000 square metres production hall fully operational in Sfântul Gheorghe by autumn 2005.
Sources
4 May 2005: Adevarul
4 May 2005: Economistul
Citation
Eurofound (2005), Plătănuş, Business expansion in Romania, factsheet number 61754, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61754.
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.
