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 29.32 - Manufacture of other parts and accessories for motor vehicles
500 jobs Number of planned job creations
Announcement Date
2 June 2016
Employment effect (start)
2 June 2016
Foreseen end date
31 December 2016
Description
Local subsidiary of Swedish car safety systems manufacturer Autoliv is to hire 500 people in 2016. The company currently employs 9,500 people across its plants in Lugoj, Brasov, Resita, Prejmer and Sfantu Gheorghe, and the research and development (R&D) centres in Timisoara and Brasov.
Autoliv opened its first plant in 1997 in Brasov and it produces car safety systems. In 2007, the company opened a new plant in Lugoj (Timis County) as a result of a 30 million euro investment.
Sources
2 June 2016: Ziarul Financiar
2 June 2016: Buna Ziua Brasov
Citation
Eurofound (2016), Autoliv, Business expansion in Romania, factsheet number 87648, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87648.
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