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.
German manufacturer of cleaning equipment Kärcher received a state aid of EUR 8 million to open a factory in Curtea de Arges (Arges County) by the end of September 2016.
The German company applied for state aid through a Romanian subsidiary Cer Cleaning Equipment. The company will hire 200 workers for the new plant by the end of 2016.
In Curtea de Arges, Kärcher will produce vacuum cleaners for private households and industry users.
In 2015, Kärcher has set a new record with sales totaling Euro 2.22 billion. At the end of 2015, the company employed 11,333 people across 60 countries.
Eurofound (2016), Cer Cleaning Equipment, Business expansion in Romania, factsheet number 88348, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88348.