Automotive
One in Five Employees in Romania's Manufacturing Industry Put on Furlough
One in five employees in Romania's manufacturing industry, the biggest sector by number of jobs in the country's economy, had been put on furlough by April 2 due to activity halts promoted b...
Sorin Cretu, BDT: We Expect Higher Decline Of Auto Market In Q2
The auto market will see decline in the second quarter, as markets more affected by the COVID-19 pandemic posted record decline in March, says Sorin Cretu, chief executive of Business Develo...
Autoliv Cuts Expenses and Part of Employee Benefits to Cope with Coronavirus Crisis
Car safety systems manufacturer Autoliv Romania, the local subsidiary of the Swedish group Autoliv, said Thursday it has temporarily suspended all non-essential expenses and part of the bene...
Renault Extends Activity Halt at Dacia Car Assembly Plant
Groupe Renault Romania announced Thursday it was extending a production halt at the Dacia car assembly plant in Mioveni due to the coronavirus epidemic.
Compa Sibiu Scales Down Activity, Suspends Individual Labor Contracts For Most Staff On April 1-30
Romanian car parts manufacturer Compa Sibiu (CMP.RO) has decided to temporarily scale down its activity during the period April 1-30 and suspend individual labor contracts for most employees...
Continental Expects Zero Profits For 1Q/2020 After Putting 30,000 Employees On Unpaid Leave
Continental, one of the world’s largest automotive components manufacturers, on Wednesday said in a statement that it expects its adjusted profits to drop to zero for the first three months...
Pirelli's Romanian Tire Factory Extends Production Halt
Pirelli Romania has postponed resuming activity at the tire manufacturing plant in Slatina which was shut down on March 23.
Romania Starts Work on Sibiu–Pitesti Highway
Romania's national road infrastructure administration company CNAIR said works started Monday on the construction of a 13 km section of the future Sibiu–Pitesti highway.
Michelin Halts Production in Zalau
Michelin Romania, part of French tire manufacturer Michelin Group, halted production in Zalau at the end of last week, just days after halting production in Floresti, Prahova county.