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 Other Transport Equipment 30 - Manufacture of other transport equipment
300 jobs Number of planned job creations
Announcement Date
25 March 2008
Employment effect (start)
1 April 2008
Foreseen end date
31 December 2008
Description
The South — Korean shipbuilding company Daewoo Mangalia Heavy Industries (Constanta county, South-East region) announced that in 2008 will hire approximately 300 workers from Asian countries. The decision is motivated by the migration of Romanian skilled workers and by the cost of Asian labour force, lower with 20-30% than the local workforce. The company currently employs 3,600, of which 68 are from Vietnam and 48 from China. The average gross monthly wage in the company is EUR 700.
Sources
26 March 2008: Ziarul Financiar
Citation
Eurofound (2008), Daewoo Mangalia Heavy Industries, Business expansion in Romania, factsheet number 66422, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66422.
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