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.
Construction Construction Of Buildings And Infrastructure Engineering Civil Engineering 42.9 - Construction of other civil engineering projects
600 jobs Number of planned job creations
Announcement Date
4 June 2021
Employment effect (start)
4 June 2021
Foreseen end date
31 December 2021
Description
Hidroconstrucţia, a Romanian company specialized in hydropower and hydrotechnical construction works both above and underground, announced its plans to hire 600 people by the end of 2021.
Hidroconstrucţia is one of the largest builders on the Romanian market. Its current projects have a cumulative value of €90 million.
The company has 12 subsidiaries and production sub-units with head offices across multiple locations in Romania.
By the end of 2020 the company had a workforce of 1,758.
Sources
4 June 2021: Ziarul Financiar (short version of the article) (www.zf.ro)
Citation
Eurofound (2021), Hidroconstructia, Business expansion in Romania, factsheet number 104975, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/104975.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
