Ericsson

Type
Business expansion
Country
Romania
Region
Macroregiunea Trei; Bucureşti-Ilfov; Bucureşti
Location of affected unit(s)
Bucharest
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
200 jobs
Number of planned job creations
Job creation
Announcement Date
30 May 2007
Employment effect (start)
2 July 2007
Foreseen end date

Description

The Swedish company Ericsson, manufacturer of telecom equipment announced the intention to hire 200 higher education graduates for the Bucharest Global Services Centre. The Centre will open in July. The reason for choosing this location, according to the company representatives, was the wage cost, still competitive in Romania and the potential expansion of the market in East and Central Europe. In 2005 the turnover of Ericsson in Romania was EUR 39 million.

Sources

  • 30 May 2007: Ziarul Financiar
  • 30 May 2007: Economistul
  • www.zf.ro

Citation

Eurofound (2007), Ericsson, Business expansion in Romania, factsheet number 65427, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65427.