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.
Sibiu (Sibiu county, Centre region), Timisoara (Timis county, West region)
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
1,400 jobs Number of planned job creations
Announcement Date
11 June 2010
Employment effect (start)
Foreseen end date
31 December 2010
Description
The German manufacturer of motor vehicle components Continental announced the creation of 1,400 jobs in 2010 as a result of an investment programme of 70 million euro, mainly for research and development (R&D) activities and the expansion of the production sites in Sibiu and Timisoara. At present the group has 2,600 employees working on R&D activities in Romania. The group expects to employ 9,700 persons in total by the end of 2010.
Sources
14 June 2010: Ziarul Financiar
Citation
Eurofound (2010), Continental Romania, Business expansion in Romania, factsheet number 70664, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70664.
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