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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Of Household Goods 46.46 - Wholesale of pharmaceutical goods
100 - 200 jobs Number of planned job losses
Announcement Date
29 July 2016
Employment effect (start)
3 August 2016
Foreseen end date
30 September 2016
Description
Romanian pharmaceutical distributor Polisano Distributie, part of the health care group Polisano, is to dismiss between 100 and 200 employees (out of a total of 460).  The group has not excluded the possibility of insolvency for its distribution division. After negotiations with the unions, it was decided that the collective redundancy plan is to be implemented in September 2016.
Polisano Distribution has been facing liquidity problems which will require adjustments and cuts of operational costs.
Sources
1 August 2016: Ziarul Financiar
1 August 2016: Ziarul Bursa
30 July 2016: oradesibiu.ro
29 July 2016: tribuna.ro
Citation
Eurofound (2016), Polisano Distributie, Internal restructuring in Romania, factsheet number 88293, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88293.
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