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 For Transport Equipment Manufacture Of Other Transport Equipment 30 - Manufacture of other transport equipment
130 jobs Number of planned job creations
Announcement Date
18 October 2006
Employment effect (start)
18 October 2006
Foreseen end date
31 December 2007
Description
Balkan Sast, the local subsidiary of the Czech supplier of transportation, information, automation and signalling equipment for the railway industry AŽD Praha, opened the 3 million euro train and subway safety system factory in Sofia. The 6,000 square metre plant employs currently 50 people. The workforce will be increased to 80 by the end of 2006 and is expected to reach 180 in 2007. The plant is to manufacture railway signalling and crossing systems, traffic management systems as well as train and subway station management systems.
Eurofound (2006), Balkan Sast, Business expansion in Bulgaria, factsheet number 64268, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64268.
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