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.
In July 2006, French retail group Auchan announced its intention to open the first commercial centre on the Romanian market in Bucharest.
“At present (in July), our team comprises 60 employees. As of this month we start a massive recruitment process that will result in an increasing number of employees up to 1,000”, stated Mariana Dragan, PR manager of MGV Distri-Hiper, the Auchan's arm in Romania.
On 30 October the company announced that new hypermarket will be opened on 7 November and will have 800 employees.
Auchan’s plans in Romania aim at further expansion involving two shops opening per year. The second announced hypermarket in Romania is to be opened next year and will be located in Bucharest as well.
“Until 2008, Auchan Romania will have about 4,000 employees,” added Dragan.
Retail companies from Romania have stated that by the end of the year they will employ some 6,000 people due to a territorial expansion and openings of new stores.
Eurofound (2006), MGV Distri-Hiper, Business expansion in Romania, factsheet number 63599, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63599.