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.
The Parc Hotels group has announced that it is to create 400 new jobs with the opening of a new hotel Ramada Plaza in Bucharest this spring. The new hotel has a total capacity of 300 rooms. The group invested EUR 15 million for the restoration of the old Hotel Turist. The estimated turnover for the first year of activity is EUR 5 million. As of February 2008, there is no information on when the new jobs will be created by.
Eurofound (2008), Ramada Plaza, Business expansion in Romania, factsheet number 66351, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66351.