Internal restructuring
Severna Bulgaria; Severen tsentralen; Veliko Tarnovo
Location of affected unit(s)
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35.1 - Electric power generation, transmission and distribution

1,200 jobs
Number of planned job losses
Job loss
Announcement Date
5 December 2005
Employment effect (start)
5 December 2005
Foreseen end date


The German company E.ON, which owns 67% from the energy-distribution companies in Gorna Oriahovitsa and Varna, announced a 30% decrease of its personnel. From a 3,900 strong workforce, a total of 1,200 in the two branches will be let out, 818 of them -in Gorna Oriahovitsa and 180 - in Provadia, Varna region, announced Georgi Petrov, president of the National Federation of Power Engineers. The announcement was confirmed by E.ON and they explained that this decision will be implemented according to the Labour code which allows employees to be dismissed against agreed compensation depending on the age and the length of service. ‘Trade unions have agreed on these dismissals three months ago, when a special programme was elaborated’, said the deputy minister of economy Luchezar Borissov, who did not take part in these negotiations personally. 'The programme was given to us only last week' trade unions replied, defining the method as unacceptable. 'We may go on strike', said Petrov.



Eurofound (2005), E.ON, Internal restructuring in Bulgaria, factsheet number 62605, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62605.