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 Electrical Equipment 27 - Manufacture of electrical equipment
100 jobs Number of planned job creations
Announcement Date
10 July 2006
Employment effect (start)
Foreseen end date
31 December 2007
Description
The English manufacturer of coaxial and multicore cable assemblies, Quadrant Connections announced its decision to invest in a new plant at Sibiuin in partnership with Odu-Rom Manufacturing. Most of the cable assemblies manufactured at Sibiu are designed for telecommunication industries.
Quadrant Connections will invest EUR 200,000 in equipments for the new plant which is situated in a location of Odu-Rom Manufacturing.
“We anticipate that new plant will create 50 new jobs by the end of 2006 and other 50 new jobs in 2007 and will start to produce in the next weeks” stated Anthony Sheridan, the managing partner of the company.
Sources
10 July 2006: Ziarul Financiar
Citation
Eurofound (2006), Quadrant Connections, Business expansion in Romania, factsheet number 63759, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63759.
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