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.
The German automotive group BMW and the Romanian subsidiary of Japanese information technology service and consulting multinational NTT DATA have signed an agreement to establish a joint venture in Romania. Both partners announced the opening of a software development center in Cluj-Napoca (Cluj County). The joint venture is expected to employ around 250 software developers by the end of 2024.
The BMW Group is thus continuing to expand its global network for its corporate IT and is securing talent and experience in the software sector.
For several years, IT and software hubs in Germany, USA, South Africa, India, Portugal (Critical TechWorks joint venture) and China (LingYue Digital IT Co. Ltd. and BA TechWorks) have strengthened the software competence of the German car manufacturer.
Eurofound (2024), BMW and NTT DATA Romania, Business expansion in Romania, factsheet number 200910, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200910.