Succes Nic Com

Type
Bankruptcy
Country
Romania
Region
Location of affected unit(s)
Gorj, Argeş
Sector
Wholesale / Retail
47 - Retail trade
47.1 - Non-specialised retail sale
47.11 - Non-specialised retail sale of predominately food, beverages or tobacco
105 jobs
Number of planned job losses
Job loss
Announcement Date
5 March 2015
Employment effect (start)
16 March 2015
Foreseen end date

Description

Succes Nic COM company, which owns the supermarket chain Success, announced the dismissal of 105 employees, as of 16 March 2015. The main locations affected are in Gorj and Argeş.

The company, which is the largest food retail chain with Romanian capital, filed for insolvency earlier this year. So far, there seems to be no solution to its financial problems. As of March 2015, there is no information on when the job cuts will be implemented by.

Sources

  • 12 January 2015: Wall Street Romania
  • 12 January 2015: Ziarul Financiar
  • 27 January 2015: Ziarul Financiar
  • 5 March 2015: GDS

Citation

Eurofound (2015), Succes Nic Com, Bankruptcy in Romania, factsheet number 78305, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78305.