EMCC European Monitoring Centre on Change

Vard Group

Company/Organisation:
Vard Group

Geographic Location

Country: Romania
Region: Sud-Est
Location of affected unit(s): Braila, Tulcea

Company

Sector: Manufacturing
Manufacture of transport equipment
30.11 - Building of ships and floating structures
Number Employed: 5000
Group: Fincantieri

Employment Effects

Announcement Date: 06-05-2019
Type of Restructuring: Business expansion
Employment Effect Start: 06-05-2019
Foreseen End Date: 31-12-2020
Planned Job Creation: 400

Additional Information

The Italian company Fincantieri, one of the world’s largest shipbuilding groups, will hire 400 employees to work as welders and toolmakers at the company's site in Braila and Tulcea. The decision is to hire qualified workers who were trained by the company at its site from Braila and Tulcea by the end of 2020. In the last two years, the company decided to invest in specialised training for its future employees due to a shortage of specialised workers in Romania; currently, the company employs 465 Vietnamese workers. As of May 2019, Fincantieri employed through its subsidiary Vard approximately 5,000 people at its shipyards in Tulcea and Braila.

Sources: