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.
Finnish communications service provider Nokia plans to expand its operations in Romania by recruiting 300 new employees at its R&D center in Timisoara by the end of 2017. Of the 300 new jobs, 200 will be in the R&D team and another 100 in the service team.
The job creation is the result of 73 million euro investment in the Timisoara center, which is to become the largest R&D center in telecommunications in Romania. There are currently 1,300 employees working in the campus.
The Timisoara R&D center has been operating since 2015.
Eurofound (2017), Nokia, Business expansion in Romania, factsheet number 91377, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91377.