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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
200 jobs Number of planned job creations
Announcement Date
1 August 2007
Employment effect (start)
1 October 2007
Foreseen end date
Description
Ideal Standard Vidima, a Bulgarian group that produces sanitary reinforcement equipment for bathrooms and kitchens, is to create 200 jobs in Levski and Gorna Orijahovitza with the opening of two new sites at which sanitary fittings will be grinded and polished. The investment in the new sites is expected to come to about 400,000 BGN. The group’s executive director, Mr. Krassimir Kopchev, has stated that the firm has decided to invest outside the town in which their headquarters is based, Sevlievo, because of a lack of appropriately skilled workers in the area. The group has established that suitable workers exist in the regions in which the new sites are to be based, and will also provide training courses for the new employees.
Sources
1 August 2007: Pari
Citation
Eurofound (2007), Ideal Standard Vidima, Business expansion in Bulgaria, factsheet number 65692, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65692.
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.
