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.
Romsilva, a state-owned group responsible for administering the Romanian national forest, is to cut 2,800 jobs by the end of 2007. The decision to implement the job losses is due to the loss of forest management contracts to firms in the private sector. Management at Romsilva estimate that approximately 60% of the forestry that the group is responsible for administering will be lost during this process. Romsilva employs 24,000 in Romania and in 2006 had a turnover of 1.002 billion RON and a gross profit of 69.51 million RON. The group was founded in 1991, and is responsible for all aspects of the management of Romanian forests.
Eurofound (2007), Romsilva, Internal restructuring in Romania, factsheet number 65713, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65713.