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
150 jobs Number of planned job creations
Announcement Date
18 August 2016
Employment effect (start)
18 August 2016
Foreseen end date
31 December 2016
Description
Star Transmission, the Romanian division of German car group Daimler, has completed the construction of a new plant in Cugir (in Alba) following an investment worth 13 million euro. Some 150 new jobs are expected to be created as a result of this business expansion. The new plant, which will officially open in August, will produce 17 different types of high-pressure pipelines for five different types of petrol engines.
Star Transmission was founded in 2001 and it currently employs 1,800 people in Romania.
Sources
18 August 2016: Ziarul Financiar
19 August 2016: seenews.com
Citation
Eurofound (2016), Star Transmission, Business expansion in Romania, factsheet number 88479, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88479.
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