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 Austrian company Ada Möbel started the construction of an upholstery furniture factory in Salonta (Nord-Vest region, Bihor county) on land, which the company acquired after one year of negotiations with the administration of Salonta. By December 2005, the company will have invested some €6 million in order to build two 10,000 square metres production halls. The company plans to invest further €20 million in the Salonta manufacturing plant in the four years to come. Manufacturing will start in December 2005, with 200 people employed. As production levels will grow and diversify, the company plans to increase employment to a total of 500 to 600 workers. In order to meet the workforce demand and skills set of this particular investor, the local high school plans to set up a class providing training in upholstery. Ada Möbel will conclude agreements with other furniture manufacturers providing carpentry structures in the Bihor county
Eurofound (2005), Ada Möbel, Business expansion in Romania, factsheet number 61958, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61958.