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.
Yannis Lagos, member of the managing board of Elmec, the domestic importer of Nike, has said he wants Elmec's number of employees to increase from 700 to 850 by June this year, in order to assist the company’s development plans.
"The large increase in personnel is the result of our plans to open a new shopping gallery, at the end of June in the Bucuresti Mall. We'll need 100 staff just to run the gallery. Also, we are hiring people for other outlets we plan to open” says Lagos.
The turnover of Elmec Romania, component of Greek firm Elmec sport increase in 2006 worth 33.9%, accounting for around 20% of the total revenues of the group.
Eurofound (2007), Elmec Romania, Merger/Acquisition in Romania, factsheet number 65302, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65302.