Michelin

Type
Business expansion
Country
Romania
Region
Macroregiunea Unu; Centru; Alba
Location of affected unit(s)
Floresti
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22.1 - Manufacture of rubber products
22.11 - Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes
300 jobs
Number of planned job creations
Job creation
Announcement Date
14 January 2008
Employment effect (start)
Foreseen end date
31 December 2009

Description

Michelin, a French tyre maker, has announced that it is to create 300 new jobs in the next two years at its plant located at Floresti (Prahova County). This business expansion will require an investment of over EUR 220 million and allow the company to double its production capacity over the next two years. The plant employed 1.800 workers at the end of 2007.

Sources

  • 15 January 2008: Ziarul Financiar
  • 16 January 2008: Ziarul Financiar

Citation

Eurofound (2008), Michelin, Business expansion in Romania, factsheet number 66209, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66209.