Thursday, May 10, 2012

FT: Romania: 340 jobs at new Bosch plant

Bosch, the German car parts maker, has confirmed plans to go ahead with a €77m plant in northern Romania, in a move which will give the new government in Bucharest a bit of a boost.

The investment in the city of Cluj-Napoca will bring 340 jobs in the production and development of automotive electronic controls near a site where Nokia closed a showcase plant last year. Good news for a country struggling to avoid recession.

Bosch said on Tuesday that construction would start in the second quarter of 2012, with manufacturing scheduled to begin in mid-2013.

Bosch currently has three locations in Romania – a sales company in Bucharest, a communications centre in Timisoara, western Romania, and a factory in Blaj, northern Romania, which produces linear-motion technology. The group has 1,400 employees in the country.

Romania’s unemployment rate in March was 7.5 per cent, on a seasonally-adjusted basis, well below the European Union average of 10.2 per cent. But the country suffers from chronic underemployment with large pools of people in the countryside without full-time jobs. The employment rate for people of working age is around 60 per cent, compared with an EU average of nearly 70 per cent.

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