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 of textiles, apparel and leather Manufacture of textiles 13.92 - Manufacture of household textiles and made-up furnishing articles
368 jobs Number of planned job losses
Announcement Date
2 June 2025
Employment effect (start)
3 June 2025
Foreseen end date
31 December 2025
Description
The Swedish company Holmbergs Safety Systems, specialized in fastening systems and safety solutions for cars announced the decision to close the Pascani (Iasi County) plant and to dismiss 368 persons by the end of 2025.
The company changed its position about the business in Romania, deciding to abandon the reorganization plan and file for bankruptcy, after initially only requesting insolvency. The insolvency petition was filed because of the company's business decline in 2023 to 49.2 million lei (€9.8 million), the lowest level since its establishment.
In 2024, the profit was 418,373 lei (€83,674), and a total debt of 6 million lei (€1.2 million), the latest data (31 March 2025) indicates, in bankruptcy, debts to the state budget of about 4 million lei (€800,000).
In 2020, at the time of the sale to the Swedes, the Romanian company had a turnover of 70 million lei (€14 million), a net profit of 3.8 million lei (€760,000) and debt of almost 21 million lei (€4,2 million). Since 2020, the total number of employees During this four-year period, the total number of employees has decreased from 550 to 430.
By the end of 2024, the company had a workforce of 368 employees.
Holmbergs was founded 1938 in Sweden and has then grown into a world leader in safety systems with design, production and support operations on three continents.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
