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 (29 - 30) Manufacture for transport equipment 29.3 - Manufacture of motor vehicle parts and accessories 29.32 - Manufacture of other parts and accessories for motor vehicles
70 jobs Number of planned job creations
Announcement Date
5 November 2014
Employment effect (start)
Foreseen end date
31 December 2015
Description
Federal-Mogul Friction Products Ploiesti, part of the American Federal-Mogul Corp., plans to create 70 new jobs by the end of 2015. According to the sources, the company intends to have a total of 340 employees next year.
The company is a global supplier of parts, components, modules and systems for automotive industry. This year, it bought the plant owned by Honeywell group in Ploiesti and invested in a new line of production. The investment in Ploiesti plant, destined to produce brake pads, was supported by a state aid scheme.
Sources
6 November 2014: Ziarul Financiar
5 November 2014: Wall-Street
Citation
Eurofound (2014), Federal-Mogul Friction Products Ploiesti, Business expansion in Romania, factsheet number 77798, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77798.
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