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.
Manufacturing (24 - 25) Manufacture of metals 25 - Manufacture of fabricated metal products, except machinery and equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
350 jobs Number of planned job losses
Announcement Date
7 December 2006
Employment effect (start)
1 January 2007
Foreseen end date
Description
Ves, Romanian producer of enamelled cookware based in Sighişoara, announced an intention to reduce its staff from current 950 to 600 employees since the beginning of the next year.
The management's decision is designed to stop a decrease of the company's turnover.
Sources
8 December 2006: Ziarul Financiar
Citation
Eurofound (2006), Ves Sighisoara, Internal restructuring in Romania, factsheet number 64565, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64565.