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 25.11 - Manufacture of metal structures and parts of structures
200 jobs Number of planned job creations
Announcement Date
5 January 2016
Employment effect (start)
Foreseen end date
Description
Faist Mekatronic, supplier of telecom infrastructure and automotive components and part of the British Group Faist, plans to create 200 new jobs this year at the factory in Oradea, which employs currently 1,400 people. Following last year investments, the production capacity has increased by 30% at the Oradea factory. Faist Mekatronic Oradea produces aluminium castings for both mobile infrastructure for Ericsson and the automotive industry.
Mr. Remus Cotut, General Manager of Faist Mekatronic said that the company plans to to invest around  10 million euro with a view to creating their own moulding equipment for developing products and investing in a ward assembly unit.
Sources
5 January 2016: Ziarul Financiar
5 January 2016: Business Magazin
Citation
Eurofound (2016), Faist Mekatronic Oradea, Business expansion in Romania, factsheet number 86073, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86073.
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