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 Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
1,000 jobs Number of planned job creations
Announcement Date
28 April 2006
Employment effect (start)
Foreseen end date
31 December 2007
Description
Brose, the German producer of components for vehicles is negotiating with the municipality of Arad the purchase of a land of 50 ha, in order to invest EUR 50 million. EUR 40 million will be invested by Brose and EUR 10 million by Webasto (a German company supplying to Brose).
The investment will generate 1,000 new jobs; building will start at the end of May and will be finalised in a minimum of one year and a maximum of two years.
Sources
28 April 2006: Ziarul Financiar
Citation
Eurofound (2006), Brose, Business expansion in Romania, factsheet number 63404, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63404.
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