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.
Bucharest (Bucharest region) and Suceava (county Suceava, North-East region).
Sector
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.1 - Retail sale in non-specialised stores
800 jobs Number of planned job creations
Announcement Date
21 May 2008
Employment effect (start)
20 May 2008
Foreseen end date
31 December 2008
Description
On 21 May 2008, MGV Distri-Hiper, the operator of the French-owned Auchan hypermarket network in Romania, announced the opening of two new stores in Bucharest and Suceava and the creation of approximately 700 new jobs. As of May 2008, there is no information on when the new jobs will be created by.
On 25 August 2008, company representatives announced the start of the recruitment of 500 employees for the Bucharest store and the intention to create another 300 new jobs by the end of the year for the new store at Suceava (Suceava County, North-East region). For these two new sites, opening in the fourth quarter of 2008, the investment totaled around 40-50 million euro.
Sources
21 May 2008: Ziarul Financiar
26 August 2008: Ziarul Financiar
Citation
Eurofound (2008), MGV Distri-Hiper, Business expansion in Romania, factsheet number 66646, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66646.
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