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 Basic Metals 24.52 - Casting of steel
331 jobs Number of planned job losses
Announcement Date
12 November 2008
Employment effect (start)
15 October 2008
Foreseen end date
25 November 2008
Description
Stomana Industry, a steel manufacturer based in Pernik, is to make 331 employees redundant. The company stopped production in some units just a few days ago. The management signed an agreement with the trade unions CITUB and Podkrepa for social support for the redundant workers. The company stopped production due to the lack of orders as a result of the economic crisis. The workers on fixed term contracts and workers close to retirement age agreed to a voluntary termination of their employment contracts.
Sources
12 November 2008: Trud
14 November 2008: Dnevnik
: ()
Citation
Eurofound (2008), Stomana Industry, Internal restructuring in Bulgaria, factsheet number 68137, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68137.
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