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.
Piaxo, a Romanian company, specialised in delivering nearshore and offshore software engineering services for several industries (including automotive, electrical & electronics, marine, healthcare, telecoms and aerospace) announced the opening of a new research and development center at Timisoara (Timis County). The new center is being created in partnership with Clarios, a global producer of car batteries, and the partnership will generate 120 new jobs by the end of 2026.
The new jobs are for engineers in developing software, hardware, systems, testing, quality, and project management. The scope is to boost the development of sustainable battery technologies for the mobility of the future.
Piaxo's commitment is to build a strong core of technical expertise in Timisoara and accelerate innovation in collaboration with global partners. The company is recruiting exclusively in Timișoara to strengthen and invest in the local ecosystem of professionals.
Eurofound (2026), Piaxo, Business expansion in Romania, factsheet number 204277, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204277.