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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Of Information And Communication Equipment 46.51 - Wholesale Of Computers, Computer Peripheral Equipment And Software
200 jobs Number of planned job creations
Announcement Date
17 November 2023
Employment effect (start)
17 November 2023
Foreseen end date
31 December 2024
Description
The German company SAP Labs Bulgaria will be hiring over 200 new employees per year. It is expanding its team of 1400 employees, following an investment of BGN 100 million (EUR 51 million).
The company has recently opened a new modern office (34800 sq. m.) in Sofia, combining the development center SAP Labs Bulgaria and the trading company SAP Bulgaria, and announced plans to continue expanding its team there.
The new base of the company in Sofia is part of a 100 million leva investment and will specialise in innovations and AI. The building gathers in one place all activities and employees of the company.
Eurofound (2023), SAP Labs Bulgaria, Business expansion in Bulgaria, factsheet number 200769, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200769.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
