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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer programming, consultancy and related activities
200 jobs Number of planned job creations
Announcement Date
22 July 2008
Employment effect (start)
Foreseen end date
31 December 2008
Description
General Electric Romania, subsidiary of General Electric Connecticut, is operating in Romania since 1984. At present, in Romania the company has five divisions: GE Money, GE Commercial Finance, GE Healthcare, GE Industrial and GE Infrastructure, with a total of 1,300 employees. According to company representatives, the plan is to hire about 200 persons every year. In Romania, the group invested about 500 million US dollars. The total sales for Romania, Bulgaria and Moldova were in 2007 of 400 million US dollars.
Sources
23 July 2008: Ziarul Financiar
Citation
Eurofound (2008), GE, Business expansion in Romania, factsheet number 66998, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66998.
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