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.
Schneider Electric Bulgaria will built a second factory near the village of Radinovo, near Plovdiv. This was announced on the web-site of the Bulgarian Privatization Agency. The expansion plan of the company foresees to invest BGN 31 million during the first stage of the project in the period 2006 - 2008. This will include the construction of workshops, stores and offices. Some 320 jobs will be created in the company itself at this stage, with another 150 in supply and service companies. The second phase is foreseen for 2009 - 2011, when another 430 new jobs will be created.
Schneider Electric Bulgaria is a subsidiary of Schneider Electric Industries SAS -France, one of the world's largest manufacturers of equipment for electrical distribution and industrial control and automation employing 85,000 people worldwide. Schneider Electric Bulgaria operates another factory in Bulgaria with 250 employees, situated near the town of Peroustitsa.
Eurofound (2006), Schneider Electric Bulgaria, Business expansion in Bulgaria, factsheet number 63270, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63270.