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 Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16.1 - Sawmilling and planing of wood
500 jobs Number of planned job creations
Announcement Date
6 October 2011
Employment effect (start)
Foreseen end date
31 December 2012
Description
Prolemn Reghin, a subsidiary of the Turkish group Kastamonu Entegre and manufacturer of wood products, announced the intention to hire some 500 employees by the end of 2012.
The decision is a result of the optimistic estimations for domestic sales, as result of local market recovery. The company announced the expansion of its production capacity as result of an investment of 50-60 million euros until the end of 2011 and other investment of 40 million euros for other new production lines in 2012.
At present, the company has 478 employees at the Reghin plant.
Sources
7 October 2011: Ziarul Financiar
Citation
Eurofound (2011), Prolemn, Business expansion in Romania, factsheet number 72656, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72656.
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