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 German company SAP, the market and technology leader in business software solutions, announced the intention to open the second centre at Bucharest by March 2007. It was stated by Valentin Tomşa, the general director of SAP Romania.
The project value is EUR four billion and at the beginning it will create 100 new jobs.
In 2005 the turnover of SAP Romania was about USD 12.5 billion and the estimated increase for 2006 is of 30%.
Eurofound (2006), SAP Romania, Business expansion in Romania, factsheet number 64123, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64123.