Type
Internal restructuring
Country
Bulgaria
Region
Severna Bulgaria; Severen tsentralen; Gabrovo
Location of affected unit(s)
Sevlievo
Sector
Manufacturing
Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products
Manufacture Of Other Non-Metallic Mineral Products
23.42 - Manufacture of ceramic sanitary fixtures

150 jobs
Number of planned job losses
Job loss
Announcement Date
28 January 2009
Employment effect (start)
27 January 2009
Foreseen end date
27 February 2009

Description

Ideal Standard Vidima, a manufacturer of bathroom fixtures, is to reduce its worfkroce by cutting 150 jobs by the end of February. The firm attributed the job losses to a sharp fall in demand due to the global economic crisis.


Sources

Citation

Eurofound (2009), Ideal Standard Vidima, Internal restructuring in Bulgaria, factsheet number 68855, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68855.