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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14 - Manufacture of wearing apparel
800 jobs Number of planned job losses
Announcement Date
11 November 2008
Employment effect (start)
Foreseen end date
31 December 2008
Description
Teba Industries, part of Teba Group NV from Holland, announced three steps of a collective dismissal process for 800 persons at Iasi factory, producer of clothing (Iasi county, North-East region). As result, the number of employees will decrease from 1,100 at present to 300 at the end of 2008. The reasons are related to increases of salaries and production costs and the competition with cheaper products from Asia.
Sources
12 November 2008: Ziarul Financiar
Citation
Eurofound (2008), Teba Industries, Internal restructuring in Romania, factsheet number 67502, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67502.
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