Eureko

Type
Closure
Country
Romania
Region
Macroregiunea Trei; Bucureşti-Ilfov; Bucureşti
Location of affected unit(s)
Bucharest
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65.1 - Insurance
65.11 - Life insurance
200 jobs
Number of planned job losses
Job loss
Announcement Date
10 July 2012
Employment effect (start)
10 July 2012
Foreseen end date
1 January 2013

Description

Dutch insurance company Eureko informed its 200 employees in the Bucharest region that it will stop its activity in Romania by January 2013. As a result, 200 jobs will be cut.

The company, which has been operating in Romania since 2004, claimed that the decision is due to the high cumulative financial loss incurred.

Sources

  • 11 July 2012: Ziarul Financiar

Citation

Eurofound (2012), Eureko, Closure in Romania, factsheet number 73876, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73876.