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.
The Swedish company Holmbergs Safety Systems, specialized in fastening systems and safety solutions for cars announced the decision to close the Pascani (Iasi County) plant and to dismiss 368 persons by the end of 2025.
The company changed its position about the business in Romania, deciding to abandon the reorganization plan and file for bankruptcy, after initially only requesting insolvency. The insolvency petition was filed because of the company's business decline in 2023 to 49.2 million lei (€9.8 million), the lowest level since its establishment. In 2024, the profit was 418,373 lei (€83,674), and a total debt of 6 million lei (€1.2 million), the latest data (31 March 2025) indicates, in bankruptcy, debts to the state budget of about 4 million lei (€800,000).
In 2020, at the time of the sale to the Swedes, the Romanian company had a turnover of 70 million lei (€14 million), a net profit of 3.8 million lei (€760,000) and debt of almost 21 million lei (€4,2 million). Since 2020, the total number of employees During this four-year period, the total number of employees has decreased from 550 to 430.
By the end of 2024, the company had a workforce of 368 employees.
Holmbergs was founded 1938 in Sweden and has then grown into a world leader in safety systems with design, production and support operations on three continents.
Eurofound (2025), Holmbergs Safety System, Closure in Romania, factsheet number 202863, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202863.