Type
Internal restructuring
Country
Romania
Region
Bucuresti;
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail trade
47 - Retail trade

1,000 jobs
Number of planned job losses
Job loss
Announcement Date
18 February 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

RTC Holding, a retailer of stationery products, has announced the dismissal of 1,000 employees by the end of 2009. The job losses are attributed to a significant fall in sales. As of December 2008, the group employed 5,100 people.


Sources

  • 19 February 2009: Ziarul Financiar (www.zf.ro)

Citation

Eurofound (2009), RTC Holding, Internal restructuring in Romania, factsheet number 68350, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68350.