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.
Custom is an Italian group of companies involved in the production of cash machines, ticket issuers, and bills. Currently, the company's high-end products are produced in Glimboca, romanie, while the production of the rest of products takes place in China. The factory in Glimboca employs 70 employees and about 30 employees work for the companies Custom has outsourced parts of its production. The company aims to transfer its production activities in China to Romania.The general director of the Romanian subsidiary claims that even if the cost of production is higher in Romania than in China, it is worth paying a difference to obtain a better quality. The Glimboca factory already uses 40% of raw material produced in Romania. The increase of production in Romania to substitute the Chinese production appears not to be a short term plan, and no implementation date has been given.
Eurofound (2017), Custom, Reshoring in Romania, factsheet number 141, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/141.