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 Fischer Advanced Composite Components (FACC) corporation, a leading company specialised in the development, design and manufacture of composite components and systems for civil aircraft announced a new hiring of 120 new workers until 2022 in its factory in Croatia. The FACC Solutions Factory of Croatia has been running at full capacity since January 2022 and is expected to reach its default volume for 2022 in six months. In January 2022, production began in the new production plant FACC Solutions Croatia, which delivers spare parts to giants such as Airbus, Boeing, Bombardier and others.
The company has 130 employees, by the end of the year they intend to double that number to about 250 employees. Long-term, there will be about 400 production workers in the first of three phases. Despite the curent serious labour force shortages in Croatia, the company did not have problems finding with potential workers because it provides very good working conditions and relatively high remuneration.
The plant is part of Austrian firm FACC.
Update 17/6/2022: The plant has been opened and 170 workers have been hired. The company still plans to hire 250 by the end of the year and has risen the number of worker it plans to hire in the long term from 400 to 600.
Eurofound (2022), FACC, Business expansion in Croatia, factsheet number 106612, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106612.