Contorte

Type
Business expansion
Country
Croatia
Region
Hrvatska; Panonska Hrvatska; Virovitičko-podravska županija
Location of affected unit(s)
Virovitica
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16.2 - Manufacture of products of wood, cork, straw and plaiting materials
16.2 - Manufacture of products of wood, cork, straw and plaiting materials
180 jobs
Number of planned job creations
Job creation
Announcement Date
14 March 2016
Employment effect (start)
1 April 2016
Foreseen end date

Description

The furniture manufacturer Contorte Ltd. in Virovitica will hire 180 new workers. An investment of €6 million has enabled the company to take over premises previously maintained by Vroexpo for furniture production. The new employees will mostly be carpenters and wood technicians, but also tertiary educated staff. Funds for new investment were drawn from the European Union Structural Funds, from commercial banks in cooperation with the Croatian Bank for Reconstruction and Development and from the company's own resources.

Sources

  • 14 March 2016: Glas Slavonije
  • 14 March 2016: Lider

Citation

Eurofound (2016), Contorte, Business expansion in Croatia, factsheet number 86760, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86760.