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 Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Food, Beverages And Tobacco In Specialised Stores 47.2 - Retail sale of food, beverages and tobacco in specialised stores
1,000 jobs Number of planned job creations
Announcement Date
25 January 2017
Employment effect (start)
25 January 2017
Foreseen end date
31 December 2017
Description
Discount supermarket chain Penny Market, owned by the German Group Rewe, announced the creation of 1,000 new permanent jobs with the opening of new stores by the end of 2017.
The company announced 80 million euro investments each year till 2025. By then the number of stores will be doubled and reach 400.
As of 2016, Penny Market operates 200 stores in Romania with an employee base of 3,000.
Sources
25 January 2017: Wall Steet Romania
25 January 2017: Profit.ro
Citation
Eurofound (2017), Penny Market, Business expansion in Romania, factsheet number 89974, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89974.
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