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.
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.1 - Manufacture of glass and glass products
150 jobs Number of planned job creations
Announcement Date
20 February 2023
Employment effect (start)
28 February 2023
Foreseen end date
31 December 2023
Description
Glass Contribution, a Bulgarian glassware manufacturer, has announced it will open 150 new jobs at its Rubin plant in Pleven. The new jobs come as a result of an investment worth BGN 100 million (EUR 51,1 million) in the company’s factory in Pleven. Part of the investment will be towards installing a new 300-ton furnace which will be built be German companies.
Glass Contribution has already finished the implementation of the first two stages of its investment program for updating the equipment and towards ensuring sustainable employment at the plant. The company will now be proceeding with the implementation of the third stage - the construction of the 300-tonne furnace and increasing in workforce capacity. For these developments Glass Contribution was recently awarded two certificates for a Class A investor.
Eurofound (2023), Glass Contribution, Business expansion in Bulgaria, factsheet number 108428, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108428.
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