Prysmian

Type
Business expansion
Country
Romania
Region
Macroregiunea Patru; Sud-Vest Oltenia; Olt
Location of affected unit(s)
Slatina
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.3 - Manufacture of wiring and wiring devices
27.32 - Manufacture of other electronic and electric wires and cables
120 jobs
Number of planned job creations
Job creation
Announcement Date
10 March 2023
Employment effect (start)
1 March 2023
Foreseen end date
31 March 2023

Description

Prysmian S.p.A., an Italian company specialized in the production of electrical cable for use in the energy and telecom sectors and for optical fibres, has announced the creation of 120 new jobs by the end of March 2023.

The company has received €7.5 million through state aid scheme, which will finance a €12.5 million project. The state aid is for developing an IT centre of excellence in Slatina (Olt County). The plan is to hire 120 people, including 50 recent graduates from technical and economics faculties who will enter a three-month full-time paid academy dedicated to SAP, IT infrastructure as well as the company's other business applications.

In recent years, the company has invested over €60 million in Romania, supporting the local community of Slatina with more than 1,000 jobs in its four plants and its local headquarters.

Currently, the company has 1,140 employees in Romania.

Sources

Citation

Eurofound (2023), Prysmian, Business expansion in Romania, factsheet number 108635, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108635.