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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.92 - Manufacture of made-up textile articles, except apparel
600 jobs Number of planned job losses
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.
Sources
Citation
Eurofound (2018), Time International Trading, Internal restructuring in Romania, factsheet number 95825, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95825.
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