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.
Huf Romania, a subsidiary of the automotive supplier Huf Group, specialized in the manufacturing of secure car access and authorization systems, announced the creation of 250 new jobs. The new employees will work at an extended production facility in Arad. 130 people will be hired by May 2021 and another 120 by the end of year.
Apart from the production site in Arad, the company owns three additional facilities in the city of Timisoara, western Romania: its European Software Development Centre, a newly established testing facility and the Shared Service Center Finance of the Group. The Centre employs about 200 engineers working on software development.
Huf Romania was established in 2006 and in 2019 the company employed a total workforce of 528.
Eurofound (2020), Huf Romania, Business expansion in Romania, factsheet number 102989, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102989.