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 Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
500 jobs Number of planned job creations
Announcement Date
26 October 2006
Employment effect (start)
Foreseen end date
1 January 2009
Description
Pirelli Tyres Romania, the tyres division of the Italian group Pirelli, invested EUR 170 million in the construction of the new plant for tyres of high performance in Slatina (Olt County, South-West Region). In January 2007 the factory will have about 700 employees and at the beginning of 2009, as a result of the production increase, the number of employees is expected to rise to 1,000.
According to the company's annual report the Pirelli's strategy involves the expansion of the production capacities in the areas and on the markets with the highest growth. The company decided to build the factories producing metallic cord and tyres of high performance in Romania in order to respond to an increasing demand on the European markets.
Sources
27 October 2006: Ziarul Financiar
Citation
Eurofound (2006), Pirelli Tyres Romania, Business expansion in Romania, factsheet number 64311, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64311.
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