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.
Manufacturing Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
200 jobs Number of planned job creations
Announcement Date
20 April 2005
Employment effect (start)
Foreseen end date
31 December 2005
Description
Merona, a holding based in Switzerland, will complete a €40 million investment in a furniture factory to be developed in Braila (Sud-Est region), Romania in 2005. The current investment was implemented through PAL Braila, in which Merona owns the majority of shares.
The factory will start with a capacity of 600 furniture suites per day in 2005 and will initially hire around 200 people. The capacity will later increase to around 1,000 suites a day.
The PAL Braila furniture factory will produce all kinds of modular-type of furniture, from kitchens to office and shop furniture. The facility will include a factory for applying melamine to particle boards, a thermoelectric plant and will also be complemented with a loudspeaker department, to become operational in the second half of 2005. The entire investment might go up to €100 million, with the bulk of the output intended to be exported in the European Union.
Sources
20 April 2005: Ziarul Financiar
Citation
Eurofound (2005), PAL Braila, Business expansion in Romania, factsheet number 61447, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61447.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
