Type
Business expansion
Country
Romania
Region
Bucuresti;
Location of affected unit(s)
Bucharest
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale In Non-Specialised Stores
47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating

650 jobs
Number of planned job creations
Job creation
Announcement Date
10 October 2014
Employment effect (start)
10 October 2014
Foreseen end date
31 December 2014

Description

German retailer Kaufland is to open three new stores in Bucharest and create 650 jobs by the end of the year.

Kaufland Romania is one of the main private employers, with a national retail network of 94 stores. As reported, it has positive financial results which indicate a 14% growth in 2014.


Sources

  • 10 October 2014: Ziarul Financiar

Citation

Eurofound (2014), Kaufland Romania, Business expansion in Romania, factsheet number 77707, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77707.