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.
Romanian manufacturer of clothing and underwear Modexim has announced plans to close its plant in Craiova (Dolj County) by the end of February 2020. Almost 300 employees will be dismissed by collective redundancy. The company stated that they would respect all the statutory social protection measures.
According to a member of the National Union Bloc (Blocul Național Sindical) the reasons behind the closure are the skilled workforce shortages, the increase of the minimum wage and lack of orders due to labour costs. In an interview, one representative of Craimodex Trade Union (representing the employees from Modexim), who took part at the negotiations with the employer said that the redundancy process is due to start on Monday which is a very tight timeframe and which is out of the ordinary.
The County's Territorial Labour Inspectorate has confirmed the collective redundancy.
Eurofound (2020), Modexim, Closure in Romania, factsheet number 99731, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99731.
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