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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
400 jobs Number of planned job creations
Announcement Date
9 November 2005
Employment effect (start)
9 November 2005
Foreseen end date
9 November 2007
Description
The Siemens group announced the opening of a factory manufacturing electronic components and appliances in Sibiu (Sibiu county, Centru region). The core activity in the new factory SIMEA (Siemens Industrial Manufacturing Engineering and Application) is manufacturing, namely production processes requiring a high volume of manual work currently performed by 60 employees. Over the following two years however, company officials expect the number of employees to grow to around 400. SIMEA manufactures electronic components and appliances, mainly plates for refrigerators and washing machines.
The company also announced the opening of a second factory in Timişoara (Timiş county, Vest region) in October 2006, with a €25 million investment.
The opening of new factories in Romania is part of the group's development strategy intended to consolidate its position on the market. Siemens is currently present in nine cities around the country and reported a turnover of €200 million for 2004.
Eurofound (2005), SIMEA, Business expansion in Romania, factsheet number 62684, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62684.
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.
