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 29.32 - Manufacture of other parts and accessories for motor vehicles
260 jobs Number of planned job creations
Announcement Date
17 October 2019
Employment effect (start)
18 October 2019
Foreseen end date
31 December 2020
Description
Car components manufacturing company Valtryp inaugurated its plant in Oradea (Bihor County) in October 2019. The company declared that the business expansion has already created 140 job positions and it is expected to create 260-460 additional ones by the end of 2020. The plant is responsible for the production of accessories and other automotive parts as steering wheels and leather and wood gear changers.Â
The new planthas been built with European funds. Operational since 1995, the company currently has 100% Romanian capital.
Eurofound (2019), Valtryp, Business expansion in Romania, factsheet number 99683, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99683.
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.
