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.
Telenav, a US provider of connected car and location-based software and services, will dismiss 172 employees at its Cluj-Napoca (Cluj County) center. The company will close its Cluj-Napoca center by the end of 2024. All the activity developed by the company at Cluj-Napoca centre will transfer to other Telenav locations in the US and China.
All 172 affected employees are offered a comprehensive redundancy packages to help them through the transition. The company entered the Romanian market in 2008 and by the end of 2021 had 237 employees at its Cluj-Napoca center.
According to the company’s announcement, the layoffs will come as a consequence of the difficult macroeconomic environment.
Eurofound (2023), Telenav, Offshoring/Delocalisation in Romania, factsheet number 109024, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109024.
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