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 June 2006
Employment effect (start)
Foreseen end date
1 December 2008
Description
The manufacturer of accessories for motor vehicles Johnson Controls România, announced that the new investment of EUR 16.5 million, located in the Industrial park Ploieşti would be finalised in 2008. In 2005, the turnover of the company in Romania was EUR 82 million and in Europe approximately EUR seven billion. The American group employs 77,000 people in the world, of which 32,000 in Europe; in Romania the new investment will generate around 1,000 new jobs.
Sources
29 June 2006: Ziarul Financiar
Citation
Eurofound (2006), Johnson Controls, Business expansion in Romania, factsheet number 63696, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63696.
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