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.
French car parts producer Faurecia will invest EUR 8 million in its largest production unit in Romania, located in Budesti, 20 km from Ramnicu Valcea, where it will hire 1,600 employees.
The construction of this factory has already begun, according to the company. It will cover 12,000 sqm and will be completed by February 2016. According to the authorities, Faurencia will benefit from reduced local taxes for the next four years.
The company produces car parts for Ford, Renault-Nissan, Peugeot, BMW, Daimler, General Motors, Toyota, and Hyundai. In Romania, Faurecia has other three factories in Pitesti (Arges County, South Romania), in Craiova (Dolj County, South-Vest Romania) and Talmaciu (Sibiu County, Centre Romania).
Eurofound (2015), Faurecia, Business expansion in Romania, factsheet number 85042, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/85042.
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