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.
Financial / Insurance/ Estate 68 - Real estate activities 68 - Real estate activities 68 - 68 - Real estate activities
220 jobs Number of planned job losses
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: Hospodárske noviny
Citation
Eurofound (2009), Orco Property Group, Internal restructuring in European Union, factsheet number 68245, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68245.