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.
Siemens Program and System Engineering (PSE) Romania announced the establishment of its second centre of research and development in Cluj Napoca (Cluj County, North - West Region). By the end of 2006 the centre will create 100 new jobs. The value of the investment is estimated at EUR one billion.
The first Siemens research centre was established in 2001 in Braşov (Braşov County, Centre Region),which has 450 employees at present and reached a turnover of about EUR seven billion in 2005. In total, Siemens PSE employs 6,200 people in more than 50 countries.
Eurofound (2006), Siemens Program and System Engineering Romania, Business expansion in Romania, factsheet number 64124, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64124.