Ceramica Iasi

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Doi; Nord-Est; Iaşi
Location of affected unit(s)
Iasi (Iasi county, North-East region)
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23.2 - Manufacture of refractory products
23.31 - Manufacture of ceramic tiles and flags
150 jobs
Number of planned job losses
Job loss
Announcement Date
15 November 2008
Employment effect (start)
1 December 2008
Foreseen end date

Description

Manufacturer of building materials, Ceramica Iasi (Iasi county, North-East region), announced the cut of 150 jobs from a total of 431 in present, starting with December 2008.The company is owned by the Advent International Investments Found.The reason is the financial restructuring in the context of global turbulence. In the first 9 months of 2008, the company reported incomes of 13.7 million euro.

Sources

  • 17 November 2008: Ziarul Financiar

Citation

Eurofound (2008), Ceramica Iasi, Internal restructuring in Romania, factsheet number 67499, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67499.