Nelia Fine Stayle

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Trei; Sud-Muntenia; Teleorman
Location of affected unit(s)
Turnu Magurele
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13.9 - Manufacture of other textiles
13.9 - Manufacture of other textiles
178 jobs
Number of planned job losses
Job loss
Announcement Date
13 November 2018
Employment effect (start)
13 November 2018
Foreseen end date
31 January 2019

Description

Romanian textile manufacturer Nelia Fine Stayle has announced plans to dismiss 178 employees by January 2019 from its plant in Turnu Magurele, Teleorman County. The redundancies are taking place due to the increasingly unstable financial situation of the company and the decrease in the number of orders for the company’s products. The territorial Labour Inspectorate, ITM Teleorman, has announced that it will carry out strict controls to make sure the company abides by the legal provisions related to the collective redundancy proceedings.

Citation

Eurofound (2018), Nelia Fine Stayle, Internal restructuring in Romania, factsheet number 95827, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95827.