Giant auto-components maker mulls part-relocation
October 2009 - From the Print Edition
One of the largest employers in Romania’s car parts industry, Draexlmaier Group, is considering relocating part of its local production of wire harnesses from Romania to a cheaper country. The relocation option is due to the increasing labour costs in Romania, which are higher than competitor investment targets such as Ukraine, the Republic of Moldova, Tunisia and Egypt. “The higher labour costs in Romania must be compensated by using more technology-based production methods or doing engineering tasks,” says Ferdinand Zilcher, country manager at Draexlmaier Group Romania. The group employs 14,500 in Romania, a drop of 2,500 since last year
|
|
|
 | |
|
|
| Daily Info |
|
Smart city is not a fad, it's a necessity In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo... |
|
Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers" "We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u... |
|
Telekom Romania, a strong supporter of Smart City development in Romania Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society... |
|
In the industrial era, the fight was for finite material resources. Not anymore Now organizations fight and develop themselves for and around their talent.
In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e... |
|
Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania" Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p... |
|
|
|
|
|
|
|
| |
|
|
advertising
advertising
advertising
|
| More on News |
| President Iohannis urges Romanians to be more united, stay involved in modernizing Romania  Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.
|
| Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte  Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace a...
|
| ArcelorMittal receives binding offer for European assets from Liberty  British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.
|
| Revolut gets European banking license  Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has fi...
|
| The Romanian labour market needs a well-thought approach, says FIC  The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...
|
| EBRD cuts economic growth forecast for Romania  Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...
|
| Dacia receives 115.8 million RON in state aid from the Finance Ministry  The Romanian Finance Ministry has signed five more grant agreements under the state aid scheme, and among the beneficiaries are Automobile Dacia, with RON 115.8 million.
|
|
