EMCC European Monitoring Centre on Change

Magna Electronics

Magna Electronics

Geographic Location

Country: Romania
Region: Timis; Vest
Location of affected unit(s): Timisoara


Sector: Manufacturing
Manufacture of transport equipment
29.31 - Manufacture of electrical and electronic equipment for motor vehicles
Group: Magna Electronics Europe

Employment Effects

Announcement Date: 21-11-2022
Type of Restructuring: Business expansion
Employment Effect Start: 21-11-2022
Foreseen End Date: 01-04-2023
Planned Job Creation: 100

Additional Information

UK based company, Magna Electronics, which provides leading driver-assistance technologies and software development solutions to the global automotive market, has announced its intention to open an engineering services centre in Timisoara (Timis County), where it will hire 100 employees. The new engineering centre will be open in April 2023 and by the end of 2025, the company aims to have 300 new employees in Romania, specialized on ADAS components.

The company has more than 170,000 employees, 345 manufacturing operations, and 90 product development, engineering and sales centres in 28 countries. Magna has vehicle engineering and contract manufacturing expertise, as well as product capabilities, which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mirrors & lighting, mechatronics and roof systems.