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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.01 - Computer programming activities
150 jobs Number of planned job losses
Announcement Date
25 May 2016
Employment effect (start)
25 May 2016
Foreseen end date
31 December 2016
Description
IT software development company Intel Software Development, the Romanian subsidiary of the American Global Intel Corporation, announced the dismissal of all its 150 permanent full-time positions at its Bucharest centre. The job cuts, which are envisaged in the global reorganisation plan announced on 19 April 2016, are expected to be implemented by the end of June 2016.
In Romania, Intel Corporation will keep the centre Wind Riverin Galati (Galati County) for software developing. Wind River was purchased by Intel Corporation in 2009 and it’s an independent company. The trade union has so far not reacted to the announcement.
Intel Corporation is an American multinational group which has been operating in Romania since 2010.
Sources
25 May 2016: Ziarul Financiar
25 May 2016: capital.ro
Citation
Eurofound (2016), Intel Software Development, Closure in Romania, factsheet number 87600, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87600.
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