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.
Timisoara (Timis county, West region), Arad (Arad county, West region) and Carei (Satu Mare county, North -West region)
Sector
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
1,350 jobs Number of planned job creations
Announcement Date
18 March 2008
Employment effect (start)
Foreseen end date
31 December 2008
Description
Continental Romania, a tyres producer, announced on 18 March 2008 that it is to create another 1,350 new jobs by the end of 2008 at its plants in Timisoara (Timis county, West region), Arad (Arad county, West region) and Carei (Satu Mare county, North -West region). 200 new jobs out of 1,350 will be created in Timisoara. Continental group currently employs 6,150 in Romania. Following this business expansion the total number of employed in Romania will be 7,500 by the end of 2008. Approximately 500 posts will be for engineers (adding up to the 2,300 engineers currently employed).
Sources
19 March 2008: Ziarul Financiar
Citation
Eurofound (2008), Continental, Business expansion in Romania, factsheet number 66495, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66495.
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