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.
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10.13 - Production of meat and poultry meat products
600 jobs Number of planned job creations
Announcement Date
28 September 2017
Employment effect (start)
28 September 2017
Foreseen end date
31 December 2017
Description
The Romanian Carmistin group, which produces, processes and markets meat products, announced its acquisition of all chicken breeding facilities and slaughterhouses owned by Avicola Targu Jiu (Gorj County), thereby creating a company called Avirom and at least 600 new jobs by the end of 2017. Carmistin will invest €20 million in modernising the existing facilities.
Avicola Targu Jiu went bankrupt in 2015 and was auctioned to bidders.
In Avirom's hiring process, preference is given to previous employees of Avicola. As such, 18 members of Avicola's administrative staff are employed with Avirom to date. The company aims to reopen the first food facilities by spring 2018.Â
Sources
28 September 2017: Profit.ro
28 September 2017: forbes.ro
29 September 2017: capital.ro
Citation
Eurofound (2017), Avirom, Business expansion in Romania, factsheet number 92198, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92198.
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