Ideal Standard

Type
Closure
Country
Greece
Region
Kentriki Elláda; Sterea Elláda; Evvoia
Location of affected unit(s)
Ritsona
Sector
Wholesale / Retail
46 - Wholesale trade
46.1 - Wholesale on a fee or contract basis
46.18 - Activities of agents involved in the wholesale of other particular products
200 jobs
Number of planned job losses
Job loss
Announcement Date
17 July 2008
Employment effect (start)
17 July 2008
Foreseen end date
30 December 2008

Description

Ideal Standard S.A., a company providing bathroom furnishings, fixtures and shower enclosures for residential, commercial and institutional buildings, announced Thursday 17 July the closure of its production unit at Ritsona. According to the Administrative Body, 200 permanent employees are about to lose their jobs as a consequence of the company’s losses and non-viable economic situation.

Sources

  • 17 July 2008: Kathimerini

Citation

Eurofound (2008), Ideal Standard, Closure in Greece, factsheet number 66885, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66885.