Type
Other
Country
Bulgaria
Region
Yuzhna Bulgaria; Yugozapaden; Blagoevgrad
Location of affected unit(s)
Madan
Sector
Mining / Quarrying
Mining And Quarrying
Mining Of Metal Ores
07 - Mining of metal ores

200 jobs
Number of planned job losses
Job loss
Announcement Date
30 October 2008
Employment effect (start)
30 October 2008
Foreseen end date
6 November 2008

Description

Nearly 200 miners will be laid-off from Gorubso Madan, a non-ferous metals extraction enterprise in the town of Madan, Blagoevrgad district. The redundancies will begin with 100 workers who have reached retirement age. According to the management the main reasons for this are the economic crisis and the sudden drop of metal prices at the London Commodity Exchange.


Sources

Citation

Eurofound (2008), Gorubso Madan, Other in Bulgaria, factsheet number 68140, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68140.