Visteon

Type
Business expansion
Country
Romania
Region
Macroregiunea Patru; Vest; Timiş
Location of affected unit(s)
Timisoara
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.31 - Manufacture of electrical and electronic equipment for motor vehicles
400 jobs
Number of planned job creations
Job creation
Announcement Date
21 January 2019
Employment effect (start)
21 January 2019
Foreseen end date
31 December 2020

Description

Automotive company Visteon has announced plans to create 400 new positions at its research and development centre in Timisoara (Timis County) by 2020. The plant will focus on development of software for avionic and electrical systems for car producers such as Ford, Renault, Mazda, Nissan, Honda, PSA Peugeot Citroen, Jaguar Land Rover and others. It will also support the development of new technologies for self-contained and automated driving systems.

Globally, Visteon has a workforce of approximately 10,000 people across 19 countries.

Sources

Citation

Eurofound (2019), Visteon, Business expansion in Romania, factsheet number 96629, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96629.