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 (22 - 23) Manufacture of rubber, plastic and non-metallic minerals 22.1 - Manufacture of rubber products 22.11 - Manufacture, retreading and rebuilding of rubber tyres and manufacture of tubes
420 jobs Number of planned job creations
Announcement Date
21 February 2017
Employment effect (start)
21 February 2017
Foreseen end date
31 December 2017
Description
Romanian subsidiary of German automotive parts producer Continental plans to create 420 new jobs in Romania by the end of this year. The new jobs will be created at the factory and research and development (R&D) centre in Sibiu, central Romania. The open positions are for both university graduates and secondary education graduates.
Last year the company created 1,000 new jobs at Continental R&D centres in Timisoara, Sibiu, Iasi and Brasov as well as production units across the country (Brasov, Sibiu, Timisoara, Carei and Nadab).
Sources
21 February 2017: Ziarul Financiar
Citation
Eurofound (2017), Continental, Business expansion in Romania, factsheet number 90327, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/90327.
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...