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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30 - Manufacture of other transport equipment
400 jobs Number of planned job creations
Announcement Date
29 March 2006
Employment effect (start)
30 March 2006
Foreseen end date
Description
Eurosport DHS, owned by Chinese investors, have opened a bicycle factory in Deva, Hunedoara county. The investment totalled USD 5 million and the factory is set to manufacture 1 million bicycles per year, creating 400 new jobs in the process. Initially the investment was made in Valea Jiului, Petroşani, but this year most of the production was relocated. In Valea Jiuliu, only a small branch manufacturing outer covers for bicycles remains. Employment effects for Valea Jiuliu have not been reported.
In the new location, the Deva — Hunedoara — Călan area, the company can draw on workers who have lost their jobs due to the restructuring of the mining and metallurgy sectors. The bicycles will be sold locally through hypermarkets chains like Metro, Billa, Carrefour and will be exported to Germany, Italy, Moldova and Albania.
Sources
30 March 2006: Economistul
Citation
Eurofound (2006), Eurosport DHS, Relocation in Romania, factsheet number 63249, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63249.
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