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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale On A Fee Or Contract Basis 46.18 - Agents specialised in the sale of other particular products
200 jobs Number of planned job losses
Announcement Date
17 July 2008
Employment effect (start)
17 July 2008
Foreseen end date
30 December 2008
Description
Ideal Standard S.A., a company providing bathroom furnishings, fixtures and shower enclosures for residential, commercial and institutional buildings, announced Thursday 17 July the closure of its production unit at Ritsona. According to the Administrative Body, 200 permanent employees are about to lose their jobs as a consequence of the company’s losses and non-viable economic situation.
Sources
17 July 2008: Kathimerini
Citation
Eurofound (2008), Ideal Standard, Closure in Greece, factsheet number 66885, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66885.
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