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.
The Irish fashion retailer Primark opened its third store in Timisoara (Timis County) and created 150 new jobs by December 2024. For the opening of the new store, the company invested 10€ million and it is part of Primark's ambitious growth plans in Central and Eastern Europe, where the brand already has stores in Poland, the Czechia, Hungary, Slovenia and Slovakia.
This opening of the new store is a year and a half after the retailer entered Romania with its first two stores in ParkLake Shopping Centre and AFI Cotroceni, both in Bucharest.
Primark Timisoara becomes the retailer's 448th store globally, as the company is present in 17 international markets and has a workforce of 80,000 people.
Eurofound (2024), Primark, Business expansion in Romania, factsheet number 201478, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201478.