Restructuring events
European Restructuring Monitor (ERM)
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.
The German company Draxlmaier, manufacturer of components for the automotive industry, has announced that it will create 500 jobs in Pitesti when it opens a new workstation based in the west province, in Timisoara.
The workstation, called Sisteme de Producţie Cablaje, will produce spare parts and wiring for one of the largest car manufacturers in the world. The Draexlmaier Group began its operations in Romania in 1993 and now has over 14,000 employees working in five production areas.
The ERM previously reported on restructuring at Draxlmaier in Romania in 2010, 2008a and 2008b.
Eurofound (2014), Sisteme de Producţie Cablaje SRL, Business expansion in Romania, factsheet number 77006, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77006.