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.
On 25 November 2005, the network of do-it-yourself shops Praktiker owned by the German group Metro, opened the third outlet in Craiova (Dolj county, Sud-Vest region), the result of an investment totalling EUR 7 million. The store has 120 employees and is the tenth of this kind in Romania.
On 13 April 2007, Praktiker Romania begins its expansion plan for 2007, opening the 17th store in Romania, located in Galati. The investment in the new store, with 100 employees, totalises approximately EUR 10 million.
Including the new project, Praktiker investments in Romania reached nearly EUR 150 million. In present the company employs over 2,000 persons. In 2006, the company reported a turnover of EUR 153.6 million, with 53.6% more than in 2005.
Eurofound (2007), Praktiker, Business expansion in Romania, factsheet number 62682, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62682.