Secuiana Târgu Secuiesc

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Unu; Centru; Covasna
Location of affected unit(s)
Tărgu Secuiesc
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
14 - Manufacture of wearing apparel
14 - Manufacture of wearing apparel
160 jobs
Number of planned job losses
Job loss
Announcement Date
19 January 2009
Employment effect (start)
1 February 2009
Foreseen end date

Description

Secuiana Targu Secuiesc, a Romanian clothing manufacturer, has announced that it is to cut 160 jobs starting on February 2009. The job losses are attributed to the financial difficulties resulting from the decline in market demand. In 2007, Secuiana reported a turnover of EUR 8 million.

Sources

  • 20 January 2009: Ziarul Financiar

Citation

Eurofound (2009), Secuiana Târgu Secuiesc, Internal restructuring in Romania, factsheet number 67989, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67989.