Type
Internal restructuring
Country
Romania
Region
Bucuresti;
Location of affected unit(s)
NA
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Trade, Except Of Motor Vehicles And Motorcycles
47 - Retail trade, except of motor vehicles and motorcycles

1,000 jobs
Number of planned job losses
Job loss
Announcement Date
18 February 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

RTC Holding, a retailer of stationery products, has announced the dismissal of 1,000 employees by the end of 2009. The job losses are attributed to a significant fall in sales. As of December 2008, the group employed 5,100 people.


Sources

  • 19 February 2009: Ziarul Financiar (www.zf.ro)

Citation

Eurofound (2009), RTC Holding, Internal restructuring in Romania, factsheet number 68350, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68350.