Type
Merger/Acquisition
Country
Romania
Region
Bucuresti; Bucuresti;
Location of affected unit(s)
Bucharest
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Trade, Except Of Motor Vehicles And Motorcycles
47 - Retail trade, except of motor vehicles and motorcycles

100 jobs
Number of planned job creations
Job creation
Announcement Date
3 May 2007
Employment effect (start)
Foreseen end date
30 June 2007

Description

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.


Sources

  • 4 May 2007: Ziarul Financiar

Citation

Eurofound (2007), Elmec Romania, Merger/Acquisition in Romania, factsheet number 65302, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65302.