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.
The multinational company Bunge is going to close its factory in Dobrich, where it produces refined oil 'Kaliakra'. The factory has 209 workers, 167 of them are working in the industrial department and will be dismissed. The others will stay to work in the trade of row corn materials. The management of Bunge is moving its production to Romania. The reason behind the offshoring is the concern of the firm with the shadow economy in Bulgaria. The trade unions have started negotiations with the management for the workers’ redundancy pay, but they are not close to agreement as the workers insist on having these payments for 24 months, whilst the management offers payment for a 6 month period. Bunge is the second factory this year in the region to have left Bulgaria. Earlier this year this was done by Unilever, which has relocated its production to Ploest, Romania.
Eurofound (2007), Kaliakra, Offshoring/Delocalisation in Bulgaria, factsheet number 65537, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65537.