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 company Rafiserv Petrobrazi in Brazi (Sud region, Prahova county) cut 100 jobs in January 2006.
Rafiserv Petrobrazi is a service provider for oil processing factories, including execution, assembly, maintenance and repairs of electrical, mechanical and automation equipment and installations, as well as civil and industrial constructions.
Rafiserv Petrobrazi was established at the start of 2003 as a result of outsourcing the maintenance and repairs services of Petrobrazi refinery formerly part of the Petrom structure (the largest oil and gas company in Romania). Since the establishment of Rafiserv Petrobrazi, Petrom has remained the major beneficiary of its services (over 95%).
Eurofound (2006), Rafiserv Petrobrazi, Internal restructuring in Romania, factsheet number 63061, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63061.
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