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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale On A Fee Or Contract Basis 46.16 - Agents involved in the sale of textiles, clothing, fur, footwear and leather goods
245 jobs Number of planned job creations
Announcement Date
29 November 2016
Employment effect (start)
29 November 2016
Foreseen end date
31 December 2017
Description
Turkish clothing retailer Koton Romania is to hire 245 persons by the end of 2017. The retailer has been active in the local market since 2007 and it owns stores in five cities in Romania - namely, Bucharest, Timisoara, Iasi, Ploiesti and Constanta - with a total workforce of 205 employees. In 2016, the company opened three new stores in Bucharest and one in Timisoara.
Koton was originally founded in Istanbul in 1988 and it operates 455 stores in 25 countries with a global workforce of 8,200 employees.
Sources
29 November 2016: Forbes Romania
29 November 2016: Wall Steet Romania
Citation
Eurofound (2016), Koton Romania, Business expansion in Romania, factsheet number 89243, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89243.
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