EMCC European Monitoring Centre on Change

Penny Market

Company/Organisation:
Penny Market

Geographic Location

Country: Romania
Location of affected unit(s): various locations

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.2 - Retail sale of food, beverages and tobacco in specialised stores
Number Employed: 3000
Group: Rewe

Employment Effects

Announcement Date: 25-01-2017
Type of Restructuring: Business expansion
Employment Effect Start: 25-01-2017
Foreseen End Date: 31-12-2017
Planned Job Creation: 1000

Additional Information

Discount supermarket chain Penny Market, owned by the German Group Rewe, announced the creation of 1,000 new permanent jobs with the opening of new stores by the end of 2017.

The company announced 80 million euro investments each year till 2025. By then the number of stores will be doubled and reach 400.

As of 2016, Penny Market operates 200 stores in Romania with an employee base of 3,000.