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 29.1 - Manufacture of motor vehicles
500 jobs Number of planned job creations
Announcement Date
12 September 2007
Employment effect (start)
Foreseen end date
Description
Polaris, an American firm that manufactures All-terrain vehicles (ATVs), is to create 500 new jobs in Giurgiu with the construction of a new site. Management at Polaris have stated that the new plant will produce ATVs, will have a capacity of 60,000 units a year, and will involve an investment of 50 million EUR. Bogdan Gheorghiu, Polaris regional manager for Romania, Bulgaria and Moldova, stated:
‘The difference in European legislation, which allows these vehicles to be driven on public roads, unlike in the USA, has led to booming sales in ATVs in Europe over the past eight years. This was the reason why Polaris decided to build a plant in Romania,’
Mr. Gheorghiu added that Romania was specially selected because it is an EU member and also has better infrastructure than Bulgaria. Polaris is currently searching for a suitable site within Giurgiu, and construction work on the new site is scheduled to begin in the middle of 2008. As of September 2007, there is no information on when employment at the site will commence.
Sources
12 September 2007: Ziarul Financiar
13 September 2007: Ziarul Financiar
Citation
Eurofound (2007), Polaris, Business expansion in Romania, factsheet number 65806, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65806.
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.
