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
25 May 2006
Employment effect (start)
25 May 2006
Foreseen end date
30 June 2007
Description
Takata-Petri, the Japanese company car parts producer, will hire almost 1,000 people for the plant that manufactures airbag sacks in Sibiu by the middle of next year, with the number of employees of the plant go to 1,200.
The hiring campaign comes amid an expansion of production capacity. The two plants that Takata-Petri owns are already operational in Arad, where approximately 3,000 people are employed. In 2002 the company relocated the operations of leather dressing of steering wheels for Mercedes Benz, from Czech Republic to Arad.
Company officials estimate that the EUR 25 million-investment in the plant in Sibiu will be finalised by mid-2007, with the production capacity set to operate at full capacity.
The plant will deliver about 8 million airbag sacks every year to the assembly facilities Takata owns in Germany, Poland and the Czech Republic.
The company has so far invested about EUR 50 million in Romania.
The plant operates in Western Industrial Area in Sibiu, which since it was inaugurated in May 2003, has attracted major investor of the car industry, such as Renault and Continental SA AG, which were among the first companies to be based here.
„The main reason why Takata has decided to invest in the area is primarly related to the fact that Romania is going to join European Union”, Jakob Lux, communication manager with Takata group stated.
Eurofound (2006), Takata-Petri, Business expansion in Romania, factsheet number 63540, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63540.
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