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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14.13 - Manufacture of other outerwear
450 jobs Number of planned job creations
Announcement Date
14 June 2016
Employment effect (start)
14 June 2016
Foreseen end date
31 December 2016
Description
Clothing manufacturer Francesca Industries is to create 450 new jobs for textile workers. Among the company's major clients are Swedish furniture manufacturer IKEA and fashion retailers H&M and Zara.
The company was founded in 1992 in Pitesti, Southern Romania. It has a total workforce of 1,500 employees and a production capacity of some 4.8mn products per year.
Sources
14 June 2016: universulargesean.ro
14 June 2016: Ziarul Financiar
17 June 2016: Agentia Judeteana pentru Ocuparea Fortei de Munca Arges
Citation
Eurofound (2016), Francesca Industries, Business expansion in Romania, factsheet number 87786, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87786.
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