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.
Nokia Romania, announced the intention to close the factory at Jucu and to dismiss all the 2,200 employees. The measure is part of a broad restructuring plan promoted at Nokia group level. The main reason is the intention of the group to concentrate the activities of the units in its Chinese and Asian units where costs are lower. The factory at Jucu was inaugurated in 2008 after the Finnish company decided to transfer its production of mobile phones from a large German site at Bochum to Romania, again for cost reasons.
As reported, Romania has applied for assistance from the European Globalisation Adjustment Fund (EGF).
Eurofound (2011), Nokia Romania, Offshoring/Delocalisation in Romania, factsheet number 72420, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72420.
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