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 Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
1,000 jobs Number of planned job creations
Announcement Date
16 September 2005
Employment effect (start)
1 March 2006
Foreseen end date
1 March 2006
Description
In September 2005, the German group Kromberg&Schubert will start building a factory in Mediaş (Centru region, Sibiu county). Construction works are expected to be finalised by March 2006. In the initial stage investments will total €10 million. The factory will manufacture special cables, network cables, cables for automotive engine compartments and plastic components. The factory will start off with 1,000 employees; the company hopes to achieve a total workforce of more than 2,000 people in the future. Kromberg&Schubert is a global supplier to the automotive components industry and has over 13,000 employees worldwide. In Romania, the group became operational in 1999, setting up a factory in Timişoara (Vest region, Timis county) which currently employs 2,600 people.
Sources
16 September 2005: Ziarul Financiar
Citation
Eurofound (2005), Kromberg and Schubert, Business expansion in Romania, factsheet number 62305, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62305.
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