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.
The electronics' retailer, Flamingo International, member of the group Flamingo, announced an investment in ten new stores, of approximately 10 million euro by the end of 2008. Each store will hire in average 30 employees, totalling approximately 400 new jobs, in addition to the 1,000 in place. In 2008, the company estimated sales if of over 210 million euros.
Sources
2 September 2008: Ziarul Financiar
Citation
Eurofound (2008), Flamingo International, Business expansion in Romania, factsheet number 67073, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67073.