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.
Severna Bulgaria; Severen tsentralen; Veliko Tarnovo
Location of affected unit(s)
NA
Sector
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14 - Manufacture of wearing apparel
300 jobs Number of planned job creations
Announcement Date
12 January 2006
Employment effect (start)
Foreseen end date
Description
The owner of the textile factory Rodopi JSC, Mr. Krassimir Trifonov, was selected ‘employer №1’ from the state Employment Agency. The nomination was made for his new factory in the town of Polski Trumbesh, where some 300 people were hired. The new factory is in full compliance with the European standards for working conditions and quality in this sphere. The choice was made among all the municipalities with more than 20% unemployment rate in the Lovech employment region of the Employment agency. ‘We are very satisfied with the new factory’, told the mayor of Polski Trumbesh Mr. Georgi Chakarov. ‘For such a small municipality as ours, where the unemployment rate is nearly 40%, this is very important’, he added. ‘The wages are high and all taxes and social security payments are made in time,’ said the mayor. The production is mainly intended to export. More than 55,000 blouses were exported in December 2005.
Sources
13 January 2006: Pari
Citation
Eurofound (2006), Rodopi JSC, Business expansion in Bulgaria, factsheet number 62870, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62870.
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