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.
Ellinikos Xrysos, a large Greek mining company, announced the creation of 250 new jobs at its sites in Chalkidiki as part of its investment plan. Hiring will begin by mid-December and is expected to be concluded within the next three months.
Ellinikos Xrysos is active in the business of mining gold, copper, lead, silver and zinc. It owns and operates the Cassandra Mines, which it bought from the Greek State in December 2003. The Cassandra Mines are located in Northern Greece. They include the gold mining projects of Olympias and Skouries and the copper-zinc mining project of Stratoni.
In 2009 the company had a turnover of EUR 44.7 million (with earnings after taxes of EUR 1.7 million).
Eurofound (2011), Ellinikos Xrysos, Business expansion in Greece, factsheet number 72852, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72852.
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