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.
Transportation / Storage Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49.4 - Freight transport by road and removal services
300 jobs Number of planned job creations
Announcement Date
22 September 2005
Employment effect (start)
Foreseen end date
30 June 2006
Description
The Netherlands logistics group Rynart will invest €25 million in a distribution centre, 23 km west of Bucharest, at Bolintin-Deal (Bucharest region, Ilfov county). The warehouse, covering an area of 20,000 square metres, will be used to store, centralize and distribute goods to retail outlets.
The Representative Office of Rynart in Romania will become operational in the second quarter of 2006. The centre in Bucharest will have national coverage and will have 300 employees.
Rynart is a global provider of transport and logistics services, to companies such as Unilever, MasterFoods, Vodaphone, Philips, Heineken, Tesco and Metro. ‘We decided to cover the Romanian market at the request of our traditional clients wanting to develop their operations in Romania who require our services’, declared the company financial manager.
Sources
22 September 2005: Ziarul Financiar
Citation
Eurofound (2005), Rynart, Business expansion in Romania, factsheet number 62307, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62307.
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