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 Food And Beverage Manufacture Of Food Products 10.72 - Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes
300 jobs Number of planned job creations
Announcement Date
25 November 2014
Employment effect (start)
Foreseen end date
31 October 2015
Description
ETI European Food Industries, the Romanian subsidiary of Turkish group Eti Gida Sanayi ve Ticaret, is to create 300 new jobs in Ghercesti, near Craiova (Dolj County) with the opening of a pastry production plant in 2015.
The plant will be operational in October 2015 and will produce sweet and savoury biscuits, cakes and chocolate. The total cost of the investment is EUR 40 million. The company benefits of a long-term loan from EBRD of EUR 23 million and a state aid of about EUR 6 million.
Sources
27 November 2014: Jurnalul de Afaceri
26 November 2014: Daily Business
25 November 2014: Wall-Street
Citation
Eurofound (2014), ETI European Food Industries, Business expansion in Romania, factsheet number 77949, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77949.
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