Restructuring events
European Restructuring Monitor (ERM)
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.
The British company Flying Trade Group a global business group with significant operations across several key sectors, including the food, hotel, leisure and construction industries is to receive a state aid of EUR 1,5 million to open a factory in Bihor by the end of 2016.
The British company applied for state aid through a Romanian subsidiary Salaam Foods. The company will hire 244 workers for the new plant.
Flying Trade Group employs more than 1,000 people around the world, operating in over 30 countries. Established in 1998, the group has quickly evolved into one of the UK's leading business groups.
Eurofound (2016), Salaam Foods, Business expansion in Romania, factsheet number 88073, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88073.