Star Transmission

Type
Business expansion
Country
Romania
Region
Macroregiunea Unu; Centru; Braşov
Location of affected unit(s)
Sebes
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.32 - Manufacture of other parts and accessories for motor vehicles
500 jobs
Number of planned job creations
Job creation
Announcement Date
10 March 2016
Employment effect (start)
1 April 2016
Foreseen end date
31 December 2016

Description

Star Transmission, the Romanian division of German-owned car group Daimler, has completed the construction of a new plant in Sebes (Alba) with an investment cost totaling some 300 million euro (USD 334.36mn). Some 500 new jobs are expected be created as a result of this business expansion. The new plant, which will officially open in April, will produce and assemble next-generation gearboxes for Mercedes-Benz cars. The long-term plan is to create 2,000 new jobs in Alba.

Sources

  • 4 April 2014: Wall-Street.ro
  • 15 May 2016: digi24.ro
  • 16 May 2015: Wall-Street.ro
  • 10 March 2016: Ziarul Financiar

Citation

Eurofound (2016), Star Transmission, Business expansion in Romania, factsheet number 86676, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86676.