Koyo Romania

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Trei; Sud-Muntenia; Teleorman
Location of affected unit(s)
Alexandria
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
650 jobs
Number of planned job losses
Job loss
Announcement Date
28 July 2009
Employment effect (start)
1 August 2009
Foreseen end date

Description

Koyo Romania, a local subsidiary of the Japanese ball bearing manufacturer, announced a restructuring programme resulting in the dismissal of 650 employees. At present the company has 1,996 employees and reported a turnover of EUR 53 million in 2008.

Sources

Citation

Eurofound (2009), Koyo Romania, Internal restructuring in Romania, factsheet number 69331, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69331.