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.
Free Trade Zone Curtici-Arad, Arad County, West Region
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
880 jobs Number of planned job creations
Announcement Date
27 November 2006
Employment effect (start)
Foreseen end date
1 January 2008
Description
In November 2006, Coindu Romania, a producer of parts for the automotive industry, carried out an investment of 25 million EUR in a factory located in the Curtici-Arad Free Trade Zone. As a result, the company hired about 800 people by July 2007. 'We have 320 employees at the moment, but we hope the number will increase to 700 by the end of 2007. By the end of 2008, when the full capacity is expected to be reached, we estimate to have over 1,200 employees', stated general director of Coindu Romania, Jose Carlos de Barros e Sensa, in November 2006. The estimated turnover of the company in 2006 was 5 million EUR. On 17 July 2007, representatives of the company estimate that the firm will double its turnover within the next three years from 7.5 million EUR in 2007 to 18 million EUR in 2010. Also, according to the general manager of Coindu Romania, the number of employees will reach 1,200 by the begining of 2008.
Eurofound (2006), Coindu Romania, Business expansion in Romania, factsheet number 64531, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64531.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
