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
400 jobs Number of planned job creations
Announcement Date
12 August 2016
Employment effect (start)
12 August 2016
Foreseen end date
31 December 2016
Description
German producer of engine systems and automotive components Mahle is to hire 400 individuals at its local subsidiary Mahle Componente de Motor (MCM). The company intends to boost production capacity at its factory in Timisoara (western Romania), meet rising demand and double its turnover to over EUR 134mn (USD 148.32mn) by 2021. The company reported a turnover of EUR 68 million in 2015, 17% higher compared to 2014.
The company has a total workforce of 700 in Timisoara.
Sources
12 August 2016: Ziarul Financiar
12 August 2016: ziuadevest.ro
Citation
Eurofound (2016), Mahle, Business expansion in Romania, factsheet number 88485, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88485.
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