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.
Sumitomo Electric Bordnetze, a German supplier of electronic wire harnesses and components for the automotive industry, announced its intention to dismiss 139 persons by the end of June 2025. The collective redundancy will be at Targu Jiu (Gorj County). Management cited the increase of the production and labour costs as factors that negatively affected the company's performance.
The company had recently announced the dismissal of 676 persons at its plant in Drobeta Turnu Severin (Mehedinti County) Sumitomo Electric Bordnetze 2025-RO.
By 31 March 2025 the company had 486 employees at Targu Jiu.
In 2023, the last reported year, the company had a turnover of 955 million lei (approx. €191 million), a net profit of 38.9 million lei (approx. €7.78 million) and a workforce of 5,600 employees. According to the company announcement employees will benefit of social protection, including compensatory salaries, ranging from 3 to 10 basic salaries.
The German company is owned by Japanese group Sumitomo Electric Industries.
Update, 25 July 2025
The company announced that starting with 1 September 2025, 415 of the 430 employees will be dismissed. The company intends to close the plant, but will retain only 15 employees mainly for administrative matters. The Gorj County Employment Agency received an notification from the company regarding the laid off process. Those dismissed will receive compensation in accordance with the collective bargaining agreement, based on seniority, from 3 to 10 basic salaries.
Eurofound (2025), Sumitomo Electric Bordnetze, Internal restructuring in Romania, factsheet number 202743, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202743.
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