Restructuring events
European Restructuring Monitor (ERM)
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.
The representatives of Grupul Industrial Componente Pitesti, a group of companies dedicated to the automotive business announced a 800 jobs cut by February 2008 from a total of 3,000 employees in present.
The units affected, located around Pitesti town (Arges county, South region) are: GIC Nosag (220 jobs), ACS Campulung (200 jobs), Subansamble Auto (150 jobs), Automotive Complete (200 jobs) and Flexiplast (23 jobs). A third part of these dismissals are related to the activity of Dacia Renault and two thirds to the demand of external market.
Eurofound (2008), Grupul Industrial Componente, Internal restructuring in Romania, factsheet number 67510, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67510.