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.
(64 - 68) Financial / Insurance/ Estate 66 - Activities auxiliary to financial services and insurance activities 66 - Activities auxiliary to financial services and insurance activities 66 - Activities auxiliary to financial services and insurance activities
150 jobs Number of planned job creations
Announcement Date
12 December 2008
Employment effect (start)
Foreseen end date
1 January 2010
Description
British American Tobacco (BAT) will hire an additional 150 persons at its British American Shared Services site in Bucharest by the beginning of 2010. British American Tobacco (BAT) selected Bucharest for a new centre for financial services with 100 employees in the first phase. In 2007, BAT reported a turnover of 824 million euros in Romania, in a plant of cigarettes, an increase of 40% compared with 2006.
Sources
15 December 2008: Ziarul Financiar
Citation
Eurofound (2008), British American Shared Services Europe, Business expansion in Romania, factsheet number 67701, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67701.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...