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 29.31 - Manufacture of electrical and electronic equipment for motor vehicles
500 jobs Number of planned job creations
Announcement Date
29 April 2014
Employment effect (start)
29 April 2014
Foreseen end date
Description
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.
Sources
29 April 2014: Business Review
29 April 2014: Gandul
29 April 2014: Capital
Citation
Eurofound (2014), Sisteme de Producţie Cablaje SRL, Business expansion in Romania, factsheet number 77006, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77006.
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