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
120 jobs Number of planned job creations
Announcement Date
29 September 2017
Employment effect (start)
29 September 2017
Foreseen end date
31 December 2017
Description
British telecom infrastructure and component supplier, Faist Mekatronic, will hire 120 new employees at its Oradea plant (Bihor County) by the end of 2017. At the Oradea plant, Faist Mekatronic produces light metal (primarily aluminium) castings for the telecom industry (Ericsson and the Nokia Siemens Network) and the automotive industry (Mahle, Borg Warner, Hella, Kahrein, Ina Schaeffler, Konsberg, Brose and Magna Group).
The company entered the Romanian market in 2005. In 2011, it invested €24 million in the development of the Oradea plant.
As of October 2017, a workforce of 1,467 are employed at Faist's plants in Oradea (Bihor County) and in Topoloveni (Arges County).
Sources
29 September 2017: Ziarul Financiar
Citation
Eurofound (2017), Faist Mekatronic, Business expansion in Romania, factsheet number 92294, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92294.
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