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.
On the 1st of June 2013, the Romanian division of Continental Automotive, manufacturer of vehicle components, announced plans to hire 450 employees by the end of 2013. This measure was taken as a result of the increasing demand in the export market. Between January and April 2013 the company already hired 550 employees (see here). Overall, Continental Automotive Romania will employ an additional 1000 people in 2013.
Previously, in Romania, Continental recruited 1000 employees in 2012 (see here), 900 ones in 2011 (see here and here) and another 1400 in 2010 (see here).
Eurofound (2013), Continental Automotive Romania, Business expansion in Romania, factsheet number 75592, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75592.
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...
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