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.
The Bucharest-based cargo and fast courier service operator TCE, member of RTC holding, estimates a turnover worth EUR 11 million in 2006. This is a 70% increase against last year. The company will invest EUR 1.5 million this year and is expecting a market share increase from 15% to 18%.
The number of employees increased from 280 in 2004 to 650 in April 2006. By the end of the year, the workforce is estimated to have increased again by 15% due to the opening of two hubs (warehouses for merchandise sorting and for fast shipment into the country) in Arad and Braşov.
Eurofound (2006), TCE, Business expansion in Romania, factsheet number 63403, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63403.