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.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.9 - Other financial service activities, except insurance and pension funding
300 jobs Number of planned job creations
Announcement Date
30 August 2007
Employment effect (start)
Foreseen end date
31 December 2007
Description
General Electric Money, a provider of consumer credit and a part of the multi-national General Electric, has announced that it is to create 300 new jobs in Bucharest by the end of 2007. General Electric Money currently employs 600 at its Bucharest site. Ronald Malak, a senior representative of the firm in Romania, stated that he wished the firm to become the best provider of consumer credit in Romania as well as a good employer.
Sources
31 August 2007: Ziarul Financiar
Citation
Eurofound (2007), GE Money Bank, Business expansion in Romania, factsheet number 65748, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65748.
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