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.
German group Metro are to create 100 new jobs in Bucharest by the end of 2007. The jobs will be based within MGI Metro Group Information Technology Romania, an offshoot of Metro that provides I.T. services to the group. The firm are seeking to employ software engineers, and the new recruits will take the number employed at the site to 200. A statement by the firm read:
‘We're strengthening our IT operations outside Germany, in Bucharest. This development is part of Metro's internationalisation policy, which entails operations in new locations that can provide skilled IT support’
Metro Group registered a turnover of 1.51 billion EUR in 2006. Metro Cash & Carry Romania registered a turnover of 66.2 million EUR in 2006.
Eurofound (2007), MGI Metro Group Information Technology Romania, Business expansion in Romania, factsheet number 65712, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65712.
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