Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41 - Construction of buildings

220 jobs
Number of planned job losses
Job loss
Announcement Date
19 February 2009
Employment effect (start)
19 February 2009
Foreseen end date

Description

Orco Property Group, a real estate company operating in Central Europe, has announced 220 job cuts which represent about 10% of the group┬┤s workforce. Orco said that the cost saving plan would lead to the closing of several regional and country offices.


Sources

  • 19 February 2009: Hospod├írske noviny

Citation

Eurofound (2009), Orco Property Group, Internal restructuring in European Union, factsheet number 68245, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68245.