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.
The Romanian-Dutch company Integrated Systems Development Corporation, ISDC, an ICT service provider, will invest around €2 million to set up a development centre in Cluj (Nord-Vest region, Cluj county). Works on the centre are set to start at the end of 2005 and will be finalised in early 2007.
The building will extend over a 6,000 square metre area and facilities will include a parking lot, canteen, fitness centre and sauna for employees. The building will accommodate a maximum of 750 employees.
ISDC Romania, established in 1999, is a provider of business services, specialising in the modernization, development, implementation and maintenance of customer oriented software applications for large and medium-sized companies.
The number of ISDC employees in Romania has grown from 25 in 2001 to 73 currently, while in the Netherlands company personnel has dropped from 100 to 40. ‘By 2007, the estimated number of local employees will be over 250’, declared Marcel Anghel, director of ISDC Romania. He added that this in 2005 the company will be investing around 75,000 euro in training programmes for company employees and students in the IT Department of Cluj University.
Eurofound (2005), ISDC, Business expansion in Romania, factsheet number 62304, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62304.
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