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.
Business services and technological solutions provider Genpact, a division of General Electric, will hire around 450 people by the end of 2007, aiming to double its personnel by 2008, which will bring the total of employees to almost 2,000. Currently, the company has over 450 employees in Romania. "We are doubling our staff this year and we would like to double it next year, as well. It is a sound growth rate and we think it will keep accelerating," Patrick Cogny, the representative of Genpact for Europe told Ziarul Financiar. As for next year's hiring plan, it will be put together depending on the contracts signed this year. "We intend to open more centres in Romania, one of which by the end of this year," said the representative of Genpact for Europe, without specifying any exact locations. Of the 450 people to be employed this year, 70% will be recruited for entry-level positions, while the remainder will be employed for management posts and jobs involving greater expertise. The investments announced by Genpact in Romania are more than 25 million Euro. In present, Genpact division has 27,000 employees in 24 centres and 11 countries.
Eurofound (2007), Genpact, Business expansion in Romania, factsheet number 65144, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65144.
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