Type
Internal restructuring
Country
Bulgaria
Region
Yuzhna Bulgaria; Yuzhen tsentralen; Pazardzhik
Location of affected unit(s)
Panagyurishte
Sector
Mining / Quarrying
Mining And Quarrying
Mining Of Metal Ores
07 - Mining of metal ores

193 jobs
Number of planned job losses
Job loss
Announcement Date
26 February 2009
Employment effect (start)
26 February 2009
Foreseen end date

Description

Asarel Medet, the open pit copper miner, will gradually lay off 193 workers in Bulgaria. The downsizing is a result of the sliding global copper prices, which forced the company to trim its annual output, said the human resources director, Aleksander Chobanov. Asarel Medet cut its production target by 45% compared to last year's level.


Sources

Citation

Eurofound (2009), Asarel-Medet, Internal restructuring in Bulgaria, factsheet number 68853, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68853.