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 29.3 - Manufacture of parts and accessories for motor vehicles
137 jobs Number of planned job losses
Announcement Date
22 May 2009
Employment effect (start)
Foreseen end date
31 May 2009
Description
The German group Kromberg and Schubert notified the county agency for employment of its intention to dismiss 137 employees at the Timişoara factory during May 2009. The factory is specialised in the manufacture of electrical equipment for vehicles. As a result the number of employees will decrease at the end of May to 2,500 persons. The job losses are attributed to the decrease of orders from the auto industry.
Eurofound (2009), Kromberg and Schubert, Internal restructuring in Romania, factsheet number 69003, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69003.
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