Type
Closure
Country
Romania
Region
Vest; Timis;
Location of affected unit(s)
TimiÅŸoara
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Fabricated Metal Products, Except Machinery And Equipment
25.5 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy

170 jobs
Number of planned job losses
Job loss
Announcement Date
13 October 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

The French metalworking group Gantois has announced the closure of its subsidiary based in Timisoara with the loss of 170 jobs by the end of 2009. The measure is part of a reorganisation programme resulting from a financial loss of over 660.000 euro in the first semester of 2009.


Sources

  • 14 October 2009: Ziarul Financiar

Citation

Eurofound (2009), Gantois Romania, Closure in Romania, factsheet number 69755, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69755.