EMCC European Monitoring Centre on Change

Bechtel

Company/Organisation:
Bechtel

Geographic Location

Country: Romania
Location of affected unit(s): Romania

Company

Sector: Construction
Construction
42 - Civil engineering
Number Employed: 2500

Employment Effects

Announcement Date: 26-04-2007
Type of Restructuring: Business expansion
Employment Effect Start: 01-03-2006
Foreseen End Date: 31-12-2007
Planned Job Creation: 1500

Additional Information

In 2004, Bechtel concluded an agreement with the Romanian government to build a motorway between Braşov (Centru region, Braşov county) and Borş (Nord-Vest region, Bihor county). After the 2004 elections, the new government repeatedly expressed its intention to abandon the project, considering that efforts should focus on developing the Pan-European IV Corridor. In September 2005 Bechtel made redundant 570 of its employees. On 11 January 2006, Bechtel announced that the political and financial conditions of a new agreement with the Romanian government were concluded and that construction works for the motorway would be resumed in all likelihood, starting March 2006. In April 2007, 2,500 employees are involved in the project, of which 1,500 were hired during the first quarter 2007. The Bechtel representatives announced that in June the number of employees will increase to 3,000, to reach 4,000 by the end of this year.