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.
Bucharest (Bucharest region), Piteşti (Argeş county South region), Titu (Dâmboviţa)
Sector
Professional Services 72 - Scientific research and development 72 - Scientific research and development 72 - Scientific research and development
3,000 jobs Number of planned job creations
Announcement Date
11 July 2008
Employment effect (start)
Foreseen end date
31 December 2009
Description
Renault Technologies Roumanie (RTR), an engineering centre of French group Renault, announced its plan to recruit 3,000 engineers by the end of 2009 in order to create in Romania the second pole for Renault design, after Paris Technocentre. The centre is necessary for untraditionally East European market, requesting new cars' models. At present in Bucharest, 1,100 engineers are employed. The number will increase - only in Bucharest - to approximately 2,000 by the end of 2009. The investment totalised EUR 100 million in three locations: Bucharest (Bucharest region), Piteşti (Argeş county South region) and Titu (Dâmboviţa county, South region).
Sources
14 July 2008: Ziarul Financiar
Citation
Eurofound (2008), Renault Technologies Roumanie, Business expansion in Romania, factsheet number 66901, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66901.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...