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.
Star Transmission, Romanian subsidiary of German automobile manufacturer Daimler, opened a new production unit in Cugir, where 200 new jobs will be created by the end of 2017.
The new production unit was opened following a 36 million euro investment. Four different models of planetary gear box will be produced at the Cugir plant.
Star Transmission was established in 2001 by a German-Romanian joint venture. Besides Star Transmission, Daimler has another subsidiary - Star Assembly - in Sebes (Alba County).
Eurofound (2017), Star Transmission, Business expansion in Romania, factsheet number 90618, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90618.