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.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
200 jobs Number of planned job losses
Announcement Date
4 April 2014
Employment effect (start)
Foreseen end date
31 December 2014
Description
ForestCov has announced a planned reduction of 200 staff. ForestCov is in the wood and timber industry. Criteria for selecting those to be made redundant are being discussed with union representatives. The job cuts are reported to be due to changes in legislation which limit the entitlement to exploit wood and forestry resources.
Sources
4 April 2014: Adevarul
Citation
Eurofound (2014), ForestCov, Internal restructuring in Romania, factsheet number 76804, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76804.
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