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.
WIP Industries, a subsidiary of the Swedish WIP Holding, specialized in the manufacturing and supply of drawer components for furniture, plans to open its plant in Campia Turzii (Cluj County). The company began the building of the new plant in March 2022, following an investment of €35.9 million in the local market, of which €17.9 million is state aid, according to data provided by the Ministry of Finances.
The plant will have a production capacity of more than 21,000 million square meters and 250 people will be hired initially. WIP Group is based in Sweden and consists of WIP Holding, WIP Industries Sweden and WIP Consulting.
Eurofound (2023), WIP Industries, Business expansion in Romania, factsheet number 108820, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108820.