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 16.2 - Manufacture of products of wood, cork, straw and plaiting materials
180 jobs Number of planned job creations
Announcement Date
14 March 2016
Employment effect (start)
1 April 2016
Foreseen end date
Description
The furniture manufacturer Contorte Ltd. in Virovitica will hire 180 new workers. An investment of €6 million has enabled the company to take over premises previously maintained by Vroexpo for furniture production. The new employees will mostly be carpenters and wood technicians, but also tertiary educated staff. Funds for new investment were drawn from the European Union Structural Funds, from commercial banks in cooperation with the Croatian Bank for Reconstruction and Development and from the company's own resources.
Sources
14 March 2016: Glas Slavonije
14 March 2016: Lider
Citation
Eurofound (2016), Contorte, Business expansion in Croatia, factsheet number 86760, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86760.
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