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 Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.40 - Manufacture of weapons and ammunition
100 jobs Number of planned job creations
Announcement Date
19 August 2014
Employment effect (start)
19 August 2014
Foreseen end date
31 December 2014
Description
Uzina Mecanică Cugir, subsidiary of the state-owned company Romarm, is to create 100 jobs starting this year through government funding.
The Government of Romania approved in its meeting of 19th September 2014 a memorandum concerning the increase of the number of staff with 100 people for the Cugir Mechanical Plant (Uzina Mecanică Cugir) and supplemented the budget with additional salary costs.
Cugir Mechanical Plant is specialised in the production of sporting, military and hunting weapons. It also provides NATO type ammunition.
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Sources
21 August 2014: Adevarul
19 August 2014: Guvernul Romaniei
19 August 2014: Bursa
Citation
Eurofound (2014), Compania Nationala Romarm, Business expansion in Romania, factsheet number 77648, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77648.
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