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.
Turkish clothing retailer Koton Romania is to hire 245 persons by the end of 2017. The retailer has been active in the local market since 2007 and it owns stores in five cities in Romania - namely, Bucharest, Timisoara, Iasi, Ploiesti and Constanta - with a total workforce of 205 employees. In 2016, the company opened three new stores in Bucharest and one in Timisoara.
Koton was originally founded in Istanbul in 1988 and it operates 455 stores in 25 countries with a global workforce of 8,200 employees.
Eurofound (2016), Koton Romania, Business expansion in Romania, factsheet number 89243, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89243.