Type
Internal restructuring
Country
Romania
Region
Centru; Sibiu;
Location of affected unit(s)
Sibiu
Sector
Retail
Wholesale Trade, Except Of Motor Vehicles And Motorcycles
Wholesale Of Household Goods
46.46 - Wholesale of pharmaceutical goods

100 - 200 jobs
Number of planned job losses
Job loss
Announcement Date
29 July 2016
Employment effect (start)
3 August 2016
Foreseen end date
30 September 2016

Description

Romanian pharmaceutical distributor Polisano Distributie, part of the health care group Polisano, is to dismiss between 100 and 200 employees (out of a total of 460). The group has not excluded the possibility of insolvency for its distribution division. After negotiations with the unions, it was decided that the collective redundancy plan is to be implemented in September 2016.

Polisano Distribution has been facing liquidity problems which will require adjustments and cuts of operational costs.


Sources

  • 1 August 2016: Ziarul Financiar
  • 1 August 2016: Ziarul Bursa
  • 30 July 2016: oradesibiu.ro
  • 29 July 2016: tribuna.ro

Citation

Eurofound (2016), Polisano Distributie, Internal restructuring in Romania, factsheet number 88293, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88293.