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.
Construction Construction Of Buildings And Infrastructure Engineering Civil Engineering 42 - Civil engineering
150 jobs Number of planned job creations
Announcement Date
4 May 2005
Employment effect (start)
4 May 2005
Foreseen end date
31 December 2005
Description
ICCO group comprises eight companies and have operations in a wide range of industries — from construction and medical equipment to electronic systems and furniture. The largest companies in the group are ICCO Construct, which specialises in civil and industrial engineering, and ICCO Electric, a supplier of electrical solutions to the constructions sector.
ICCO group generated a €50 million turnover in 2004. ‘We expect turnover to grow by at least 10% in 2005 to €55 million', said ICCO's marketing manager. ICCO group currently employs 850 people, though this number could rise to over 1,000 in 2005.
The group was established in 1990 and has its headquarters in Braşov (Centru region), with branch offices in Timişoara (Vest region) and Bucharest (Bucharest region, the capital city).
Sources
5 May 2005: Ziarul Financiar
4 May 2005: Ziarul Financiar
Citation
Eurofound (2005), ICCO, Business expansion in Romania, factsheet number 61547, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61547.
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