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.
American textile manufacturer Hanes Global Supply Chain Romania has announced the dismissal of 1,000 employees from its plant in Curtici, Arad County. According to data from the Ministry of Finance, in 2017 the company recorded a turnover of RON 203 million (€42 million) and a profit of RON 7.3 million (€1.5 million). The redundancies are taking place due to the shortage of skilled workforce and the decrease in the number of orders for the company’s products.
Globally, Hanesbrands Group has a workforce of about 65,000 people in various parts of Europe, including the United Kingdom, Italy, Germany, France and Spain.
Eurofound (2019), Hanes Global Supply Chain Romania, Closure in Romania, factsheet number 96737, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96737.
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