Restructuring events
European Restructuring Monitor (ERM)
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.
Management of aluminium producer Alkomet announced that some 100 workers, mainly elder employees, were laid off. ‘Our aim was to "clean the blood", because we have heavy production lines, where young people are needed’, said Mr. Dinev, PR director of the company. Alkomet has generated a BGN 120 million revenue in 2005, 20% more than in the previous year. The factory is among the first 20 firms in terms of sales volumes in the country. The aluminium production has doubled since 2002 amounting to 27,000 tons per year. The main parts of the production - about 80% - is exported to Germany, Italy, Poland, Belgium and Denmark. ‘Our efforts now are aimed towards developing the Bulgarian market’, said Mr. Dinev.
Eurofound (2006), Alkomet, Internal restructuring in Bulgaria, factsheet number 62869, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62869.
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