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 Austrian group Zumtobel intends to set up a factory manufacturing lighting equipment and electric lamps in the Curtici–Arad Free Zone (Vest region, Arad County).
‘The project will be carried out in several stages, with €5 million initially invested in building the factory. Zumtobel will secure a concession of 4.5 hectares for the project. The factory will be finalised by the end of 2006 but investments will continue over the following two-three years so that the total value of the project will exceed €20 million, the free zone representative specified. In addition to lighting equipment, the factory will also manufacture other electrical systems. The project will create about 100 jobs and the products will be sold mainly in Western Europe as well as locally.
The Austrian Group Zumtobel has production units in almost 100 countries across Europe, North America, Australia and Asia and is one of the few global players on the lighting equipment market.
Eurofound (2005), Zumtobel, Business expansion in Romania, factsheet number 62215, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62215.