Type
Internal restructuring
Country
Romania
Region
Location of affected unit(s)
Romania
Sector
Retail
Wholesale Trade, Except Of Motor Vehicles And Motorcycles
Other Specialised Wholesale
46.73 - Wholesale of wood, construction materials and sanitary equipment

100 jobs
Number of planned job losses
Job loss
Announcement Date
23 January 2009
Employment effect (start)
1 February 2009
Foreseen end date

Description

Arabesque, a Romanian wholesaler of building materials and sanitary equipment, has announced a restructuring programme affecting 100 employees. In 2007, the company reported a turnover of 450 million euro. Prior to the restructuring, the company employed 3,500 people in 15 locations in Romania.


Sources

  • 26 January 2009: Ziarul Financiar

Citation

Eurofound (2009), Arabesque, Internal restructuring in Romania, factsheet number 68052, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68052.