Last year, Yazaki’s four legal entities in Romania employed 4,700 people. The company generates revenue of almost EUR340 million locally.
“The new Yazaki plant of Urlati is under construction and will fill an area of above 12,000 square meters. Production will start in two weeks, with around 120-150 employees, and by next April the company will have around 1,000 employees,” explained Marian Machitescu, mayor of Urlati city.
He specified that while Urlati has a low unemployment rate, there are areas, such as Valea Cricovului, where only 20,000 persons out of 60,000 work.
“The company seeks workers for the cable system plant and 60% of new employees will be women. Until the company trains them, they will have salaries of RON850-900,” Urlari mayor also said.
According to him, one of the reasons why the city managed to attract new investors is that, beside good infrastructure, it maintained local taxes at the level of 2010.
According to market information, Yazaki is also carrying out investments in a production unit in Braila, where it is set to hire 3,000 workers.
In late 2013, Yazaki had revenue worth around EUR338 million in Romania, up 16.5% from 2012, and net profit of EUR11.4 million, over 16 times higher than in 2012.
By edition close, the company’s representatives could not be contacted for details.
Car part producers have in recent years been among the biggest employers in the economy, in the wake of high export demand. In 2013, one third of Romania’s 100 biggest exporters were car part producers, and Yazaki ranked 44th, according to National Statistics Institute.
(English version by Catalina Apostoiu)