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 29.10 - Manufacture of motor vehicles
200 jobs Number of planned job creations
Announcement Date
24 March 2017
Employment effect (start)
24 March 2017
Foreseen end date
31 December 2017
Description
Star Transmission, Romanian subsidiary of German automobile manufacturer Daimler, opened a new production unit in Cugir, where 200 new jobs will be created by the end of 2017.
The new production unit was opened following a 36 million euro investment. Four different models of planetary gear box will be produced at the Cugir plant.
Star Transmission was established in 2001 by a German-Romanian joint venture. Besides Star Transmission, Daimler has another subsidiary - Star Assembly - in Sebes (Alba County).
Sources
24 March 2017: forbes.ro
24 March 2017: angajatorulmeu.ro
27 March 2017: businessmagazin.ro
29 March 2017: economiczoom.ro
Citation
Eurofound (2017), Star Transmission, Business expansion in Romania, factsheet number 90618, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90618.
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