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.
Flaro, a century-old Romanian company producing for the automotive, electrical, stationery, haberdashery and household goods industries, is moving production from Sibiu to Medias and Dumbraveni (both in Sibiu County), according to a company press release.
The company mentioned that the expansion through the two production halls 250 jobs for skilled and unskilled workers are created, with the aim of developing economic growth in the Tarnavei Valley. The advertised jobs are locksmiths, lathe operators, turners, electricians, feeders, process technicians and process engineers for various production and assembly processes at both plants.
By 31 December 2023, Flaro had 325 employees.
Eurofound (2025), Flaro, Business expansion in Romania, factsheet number 202476, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202476.