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.
In July 2006, Amonil Slobozia, a chemical fertiliser producer, laid off 231 employees, following the decision made by the Extraordinary General Meeting of Shareholders. During the meeting that took place in July, a new organisational structure containing 650 employees compared to current number of 831, was approved. The new organisational structure came into force on 1 September 2006.
In October 2006, Victor Dobrescu, the general director, announced the intention to close the company on 15 November 2006 and to lay off 600 out of 650 currently employed people.
Eurofound (2006), Amonil, Closure in Romania, factsheet number 63774, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63774.