EMCC European Monitoring Centre on Change

Cora

Company/Organisation:
Cora

Geographic Location

Country: Romania
Location of affected unit(s): Bacau, Constanta and Bucharest

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating

Employment Effects

Announcement Date: 08-11-2012
Type of Restructuring: Business expansion
Employment Effect Start: 07-11-2012
Foreseen End Date: 30-06-2013
Planned Job Creation: 1300

Additional Information

The French-Belgian retail chain Cora announced the intention to create 1,300 new jobs in three new hypermarkets, of which 300 will be created in Bacau and 500 in Bucharest in November, and another 500 in June 2013 in Constanta. The job creation is a result of an investment of 159 million euros and the inauguration of 3 new supermarkets.