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.
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.
Eurofound (2017), Penny Market, Business expansion in Romania, factsheet number 89974, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89974.