Restructuring events
European Restructuring Monitor (ERM)
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.
Profi Rom Food, a discount chain of supermarkets, has announced that it will create 500 jobs in Romania by the end of 2014. According to the source, this is part of an expansive growth plan. The company opened 63 new stores in 2013 and is looking to open more in 2014. The source reports that the supermarket chain increased its turnover in 2013 by 26% from the previous year.
The Profi brand is a subsidiary of Louis Delhaize, a retail group which owns supermarkets and hypermarkets. The ERM previously reported on restructuring at Profi Rom Food in 2012.
Eurofound (2014), Profi Rom Food, Business expansion in Romania, factsheet number 77258, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77258.