Hydraulic elements and systems

Type
Internal restructuring
Country
Bulgaria
Region
Severna i Yugoiztochna Bulgaria; Yugoiztochen; Yambol
Location of affected unit(s)
Yambol
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
180 jobs
Number of planned job losses
Job loss
Announcement Date
20 November 2008
Employment effect (start)
1 October 2008
Foreseen end date
31 March 2009

Description

Hydraulic elements and systems, a Bulgarian company producing cylinders for hydraulic units, has made 180 employees redundant at its plant in Yambol. The lay offs are due to falling orders. The redundancy was carried out "by mututal consent", using leave applications signed by the workers upon recruitment.

Citation

Eurofound (2008), Hydraulic elements and systems, Internal restructuring in Bulgaria, factsheet number 68062, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68062.