Type
Internal restructuring
Country
Romania
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail sale of other goods, except motor vehicles and motorcycles
47.71 - Retail sale of clothing

400 jobs
Number of planned job losses
Job loss
Announcement Date
2 August 2013
Employment effect (start)
Foreseen end date
31 December 2013

Description

Clothes retailer House of Art is to lay off 400 employees by the end of 2013. The measure was promoted by the Transilvania House of Insolvency, the judicial administrator of the company during insolvency.

At present, the network of House of Art stores in Romania counts 1,200 employees.


Sources

  • 5 August 2013: Ziarul Financiar

Citation

Eurofound (2013), House of Art Romania, Internal restructuring in Romania, factsheet number 75791, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75791.