Type
Internal restructuring
Country
Romania
Region
Location of affected unit(s)
Romania
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10 - Manufacture of food products

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

Description

The Romanian company CrisTim, producer of sausages, has announced the lay off of 100 employees. The move is blamed on the economic downturn as well as the need to increase productivity. These 100 lay offs will come from a workforce of 2,000. In 2008, CrisTim reported a turnover of 130 million euro.


Sources

  • 26 February 2009: Ziarul Financiar

Citation

Eurofound (2009), Cris-Tim, Internal restructuring in Romania, factsheet number 68053, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68053.