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.
Accommodation / Food 56 - Food and beverage service activities 56 - Food and beverage service activities 56 - Food and beverage service activities
244 jobs Number of planned job creations
Announcement Date
27 June 2016
Employment effect (start)
Foreseen end date
Description
The British company Flying Trade Group a global business group with significant operations across several key sectors, including the food, hotel, leisure and construction industries is to receive a state aid of EUR 1,5 million to open a factory in Bihor by the end of 2016.
The British company applied for state aid through a Romanian subsidiary Salaam Foods. The company will hire 244 workers for the new plant.
Flying Trade Group employs more than 1,000 people around the world, operating in over 30 countries. Established in 1998, the group has quickly evolved into one of the UK's leading business groups.
Sources
27 June 2016: Ziarul Financiar
4 July 2016: Ziarul Financiar
Citation
Eurofound (2016), Salaam Foods, Business expansion in Romania, factsheet number 88073, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88073.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...