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.
Titu- Boteni area, County Dâmboviţa, South Region
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29 - Manufacture of motor vehicles, trailers and semi-trailers
2,300 jobs Number of planned job creations
Announcement Date
4 September 2006
Employment effect (start)
Foreseen end date
31 December 2008
Description
On 4 September 2006, the French group Renault announced the intention to start the construction of a design and development centre for new car models at Găeşti (County Dâmboviţa, South Region) in September.
At the end of October 2006, the spokesman of Dambovita County Council announced that the new 258 hectares site of Renault would be located at Titu-Boteni (Dambovita County, South Region). The company will invest EUR 125 million in the new project and create some 2,300 jobs.
The estimated turnover of Renault group in Romania for 2006 is about EUR 900 million.
Sources
5 September 2006: Ziarul Financiar
4 September 2006: Ziarul Financiar
30 October 2006: Ziarul Financiar
Citation
Eurofound (2006), Renault, Business expansion in Romania, factsheet number 64024, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64024.
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