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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.01 - Computer Programming Activities
250 jobs Number of planned job creations
Announcement Date
5 March 2024
Employment effect (start)
5 March 2024
Foreseen end date
31 December 2024
Description
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200910.
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.
