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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.31 - Manufacture of electrical and electronic equipment for motor vehicles
400 jobs Number of planned job creations
Announcement Date
21 January 2019
Employment effect (start)
21 January 2019
Foreseen end date
31 December 2020
Description
Automotive company Visteon has announced plans to create 400 new positions at its research and development centre in Timisoara (Timis County) by 2020. The plant will focus on development of software for avionic and electrical systems for car producers such as Ford, Renault, Mazda, Nissan, Honda, PSA Peugeot Citroen, Jaguar Land Rover and others. It will also support the development of new technologies for self-contained and automated driving systems.
Globally, Visteon has a workforce of approximately 10,000 people across 19 countries.
Eurofound (2019), Visteon, Business expansion in Romania, factsheet number 96629, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96629.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
