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 Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.31 - Manufacture of ceramic tiles and flags
150 jobs Number of planned job losses
Announcement Date
15 November 2008
Employment effect (start)
1 December 2008
Foreseen end date
Description
Manufacturer of building materials, Ceramica Iasi (Iasi county, North-East region), announced the cut of 150 jobs from a total of 431 in present, starting with December 2008.The company is owned by the Advent International Investments Found.The reason is the financial restructuring in the context of global turbulence. In the first 9 months of 2008, the company reported incomes of 13.7 million euro.
Sources
17 November 2008: Ziarul Financiar
Citation
Eurofound (2008), Ceramica Iasi, Internal restructuring in Romania, factsheet number 67499, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67499.
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