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.
Professional Services Scientific, Architectural And Engineering Technical Activities Scientific Research And Development 72 - Scientific research and development
200 jobs Number of planned job creations
Announcement Date
6 June 2005
Employment effect (start)
6 June 2005
Foreseen end date
31 December 2006
Description
Alcatel Romania has invested €1 million in setting up a research and development centre in railway transport control systems in Bucharest (Bucharest region). By this, the research and development related to this segment of activity, so far carried out by the German branch of Alcatel, has been relocated to Bucharest. In the phase, the centre will employ 50 software engineers, with an additional 150 by the end of 2006. Alcatel Romania already has 1,000 employees, and has so far carried out a wide range of activities such as research and development, manufacturing, installation and commissioning in telecommunications, closing the year 2004 with a turnover of €140 million. Based on a partnership with the Romanian National Railway Company (Compania Naţională de Căi Ferate din România, CNCFR), Alcatel Romania will provide electronic centralization of the railway structure in southern Romania. The company has already implemented safety-device systems for railway signalling in four railway stations in Romania while another 11 railway stations will be modernized. The French Group Alcatel is present across 130 countries and has reported sales totalling €12.4 million in 2004.
Sources
6 June 2005: Ziarul Financiar
Citation
Eurofound (2005), Alcatel, Business expansion in Romania, factsheet number 61838, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61838.
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