Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2019), Vard Group, Business expansion in Romania, factsheet number 97711, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97711.