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
130 jobs Number of planned job creations
Announcement Date
5 October 2006
Employment effect (start)
1 February 2008
Foreseen end date
Description
In July 2006 the Spanish group Mondragon announced its intention to invest €5 million in an aluminum rims plant located in the western Romania. The investment project will be carried out by Mapsa, a company which belongs to the group and which is active in the automotive industry. The exact location of the new plant hasn’t been confirmed yet. The company’s representatives consider Turda, Dej, Cluj Napoca and the logistic park in Apahida to be the potential destinations of the new factory. The production was expected to start in the second half of the next year and to generate 100 new jobs in its initial phase.
In October 2006 the updated figures were announced. The group will invest €17 million within four years and the production creating 130 jobs is to be launched in February 2008.
Mondragon has about 80,000 employees in 38 countries. In 2005 the total sales of the group were estimated at €11 billion.
Sources
14 July 2006: Ziarul Financiar
13 July 2006: Ziarul Financiar
6 October 2006: Ziarul Financiar
Citation
Eurofound (2006), Mapsa, Business expansion in Romania, factsheet number 63776, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63776.
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