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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail Sale Of Clothing In Specialised Stores
150 jobs Number of planned job creations
Announcement Date
7 August 2024
Employment effect (start)
7 August 2024
Foreseen end date
31 December 2024
Description
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201478.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
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