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.
Canadian company Litens Automotive, provider of engineering solutions for the car industry, announced its intention to hire 250 employees by 2019. The new jobs are available at the Giarmata plant (Timis County) which will open in the autumn of 2017. The construction of the Giarmata plant started at the beginning of 2017 and is the second plant the company has opened in Europe.
Litens was founded in 1979 and has plants in Canada, Germany, Brazil, China, Japan, India, England, Italy and South Korea.
The company has 150 guaranteed patents with a total employee base of 2,000.
Eurofound (2017), Litens Automotive, Business expansion in Romania, factsheet number 91682, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91682.