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 In Non-Specialised Stores 47.1 - Retail sale in non-specialised stores
300 jobs Number of planned job creations
Announcement Date
20 March 2006
Employment effect (start)
13 March 2006
Foreseen end date
13 March 2006
Description
In March 2006, the company Real-Hypermarket, which is the hypermarket division of the German group Metro, opened its first store on the local market in TimiÅŸoara, following an investment worth EUR 15 million. Real-Hypermarket has 328 hypermarkets of which 288 are located in Germany and 40 abroad. The number of employees of the company worldwide is approximately 50,000.
Sources
30 May 2006: Ziarul Financiar
24 March 2006: Economistul
Citation
Eurofound (2006), Metro Romania, Business expansion in Romania, factsheet number 63196, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63196.
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