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.
Irrom Industrie finalised the construction of a production hall for tubular steel radiators in Iclod (Nord-Vest region, Cluj county). Production here began in April 2005, though according to company estimates full capacity will not be reached until 2007, when it will employ 200 people.
Irrom Industry is a member of the Italian group Irsap, a producer of steel radiators.
The factory will have a new production line, as part of an investment worth €400,000.
‘The new production line forms part of our development plans for this year. We currently work on a single production line using three shifts and 50 employees – 30 more than at the beginning of the year. Assuming there are no problems, we expect the new line will be operational by September 2005’, Irrom general manager said. He added that the number of employees at the plant will rise to 100 by the end of 2005
Irrom is also planning to establish a national sales network during 2005. 90% of the company’s current production in Cluj is exported abroad.
Eurofound (2005), Irrom Industry, Business expansion in Romania, factsheet number 61961, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61961.