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.
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.1 - Preparation and spinning of textile fibres
530 jobs Number of planned job creations
Announcement Date
11 May 2006
Employment effect (start)
1 January 2007
Foreseen end date
Description
Italian firm Mirolio got first class certificate for its new investment plan in Bulgaria, which will be completed to the end of the year. The investment is for BGN 73.7 million and the money will be used to build a spinning workshop, a fabric-dyeing workshop, a water-treatment plant and an utility refuse depot. The factory will produce natural and synthetic textile fibres, while the fabric-dyeing workshop will be the largest on the Balkans. Mirolio has already invested in five factories in Bulgaria – three near the town of Sliven and two near the towns of Elin Pelin and Nova Zagora. The sixth workshop near Yambol will be equipped with modern technologies, delivered from the Italy base factories of the company. BGN 220 million is the profit of Mirolio for 2005 from its Bulgarian based companies, and the main part of it is from expert to the European union, USA, Canada, Mexico. After creating 530 jobs in the new factory, the number of its employees in Bulgaria will reach 2,300. For the last five years the president of the group Eduardo Mirolio has also invested in vineyard near Stara Zagora and has bought the WTC ”Interpred” in Sofia.
Eurofound (2006), Mirolio, Business expansion in Bulgaria, factsheet number 63521, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63521.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
