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 In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
700 jobs Number of planned job creations
Announcement Date
13 October 2005
Employment effect (start)
Foreseen end date
13 October 2005
Description
Kaufland, a member of the Lidl & Schwarz group, opened its first store in Romania on 13 October 2005. The investment totalled €11 million and created 700 jobs.
The store space covers 6,400 square metres, with a free-of-charge car park allowing for 330 parking spaces.
The company has a warehouse in Ploieşti and is set to open another five or six stores across the country, with the building sites already partially acquired. According to the country manager, close to 40 Kaufland stores are shortly to be opened in Romania. ‘We want to become the major player on the local market' declared the Kaufland official, the intended expansion targeting not only the large cities in the country but all towns with over 100,000 inhabitants.
The Lidl & Schwarz group has been in operation for the past 75 years and currently owns 650 stores in various countries.
Sources
13 October 2005: Ziarul Financiar
14 October 2005: Economistul
Citation
Eurofound (2005), Kaufland, Business expansion in Romania, factsheet number 62427, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62427.
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