Vastex

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Doi; Nord-Est; Vaslui
Location of affected unit(s)
Vaslui
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13 - Manufacture of textiles
13 - Manufacture of textiles
245 jobs
Number of planned job losses
Job loss
Announcement Date
18 March 2009
Employment effect (start)
Foreseen end date
31 May 2009

Description

Vastex Vaslui, producer of textiles, notified the local public service for employment the intention to dismiss 147 employees by the end of March and another 98 employees by the end of May. The job losses are blamed on the economic crisis and decreased market demand.

Sources

Citation

Eurofound (2009), Vastex, Internal restructuring in Romania, factsheet number 68642, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68642.