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.
(10 - 33) Manufacturing (24 - 25) Manufacture of metals 25.3 - Manufacture of weapons and ammunition 25.30 - Manufacture of weapons and ammunition
100 jobs Number of planned job creations
Announcement Date
19 August 2014
Employment effect (start)
19 August 2014
Foreseen end date
31 December 2014
Description
Uzina Mecanică Cugir, subsidiary of the state-owned company Romarm, is to create 100 jobs starting this year through government funding.
The Government of Romania approved in its meeting of 19th September 2014 a memorandum concerning the increase of the number of staff with 100 people for the Cugir Mechanical Plant (Uzina Mecanică Cugir) and supplemented the budget with additional salary costs.
Cugir Mechanical Plant is specialised in the production of sporting, military and hunting weapons. It also provides NATO type ammunition.
Sources
21 August 2014: Adevarul
19 August 2014: Guvernul Romaniei
19 August 2014: Bursa
Citation
Eurofound (2014), Compania Nationala Romarm, Business expansion in Romania, factsheet number 77648, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77648.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...