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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
130 jobs Number of planned job losses
Announcement Date
1 November 2006
Employment effect (start)
1 November 2006
Foreseen end date
1 May 2008
Description
The brick factory Terra 2000 has started a general reconstruction and innovation of the equipment. The modernisation process is expected to be completed within 18 months. The BGN 18 million project will be mainly funded from European structural funds, supporting introduction of technologies without poison emulsions. The new equipment will also ensure better working conditions for the workers and introduction of the European standards, the management says. At the same time, the number of the workers will be decreased to 30. Now there are 160 people working in the production. The capacity of the factory will rise 3.5 times. The ambition of the management is to create a close circle of production. In addition, a programme for vocational training of the personnel is being developed.
Sources
2 November 2006: Dnevnik
Citation
Eurofound (2006), Terra 2000, Internal restructuring in Bulgaria, factsheet number 64391, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64391.
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