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.
Vard, a shipyard company, will hire 300 persons from Vietnam to work as welders and toolmakers at the company's site in Tulcea, Romania. The decision to hire Vietnamese workers is attributed to a shortage of specialised workers in Romania.
As of June 2017, Vard employed approximately 3,000 people at its shipyard in Tulcea and an estimated 9,000 people worldwide.
Eurofound (2017), Vard, Business expansion in Romania, factsheet number 91380, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91380.