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.
Melexis designs and develops automotive electronics systems. The growth in the electronic content of automobiles has led to a 15% increase in the Melexis production, a growth of 10% to 15% is expected for 2006. The company, based in Sofia since 1994 has developed some of its products, such as infrared sensors, mainly for the American and Japanese markets. Melexis has 180 employees in Bulgaria and the intentions are to develop and increase both the production and the staff. Our plan is to create at least 200 new working places by 2008. 'We are building a new factory here for about 4 to €5 million, and our investments for the coming three years are planned to reach € 20 million. We are working very well with the Technical University in Sofia and our staff is coming mainly from there', said the executive director.
Eurofound (2006), Melexis Microelectronic Systems, Business expansion in Bulgaria, factsheet number 63019, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63019.