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.
Oil refinery company Arpechim Pitesti announced the intention to dismiss 259 employees by March 2012.
The company notified the local employment agency about the measure, which is motivated by an internal restructuring programme. It is reported that trade union leaders expect the local authorities to intervene to save some jobs.
At present the company has 618 employees.
Eurofound (2012), Arpechim Pitesti, Internal restructuring in Romania, factsheet number 73024, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73024.
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