Time International Trading

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Trei; Sud-Muntenia; Teleorman
Location of affected unit(s)
Alexandria, Zimnicea
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13.9 - Manufacture of other textiles
13.9 - Manufacture of other textiles
600 jobs
Number of planned job losses
Job loss
Announcement Date
13 November 2018
Employment effect (start)
13 November 2018
Foreseen end date
31 January 2019

Description

Romanian textile manufacturer Time International Trading has announced plans to dismiss 600 employees by January 2019 from its plants in Alexandria and Zimnicea. The redundancies are taking place due to the increasingly unstable financial situation of the company and the decrease in the number of orders for the company’s products. Time International Trading was established in 1994 and specialises in manufacturing a wide range of men’s clothing for export on the international market and mainly Europe, the United States and Asia.

Citation

Eurofound (2018), Time International Trading, Internal restructuring in Romania, factsheet number 95825, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95825.