Restructuring events
European Restructuring Monitor (ERM)
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.
Manufacturer of electric domestic appliances Arctic announced that it will create at least 400 new jobs in 2012 as the result of a business expansion at Gaesti (Dambovita county, South region).
At present, the company, part of the Turkish group Arcelik, employs 2,475 people at Gaesti and reports an annual production of 1.5 million refrigerators.
Eurofound (2012), Arctic Gaesti, Business expansion in Romania, factsheet number 73069, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73069.