M+S Hydraulic

Type
Internal restructuring
Country
Bulgaria
Region
Severna i Yugoiztochna Bulgaria; Yugoiztochen; Stara Zagora
Location of affected unit(s)
Kazanlak
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.
193 - 224 jobs
Number of planned job losses
Job loss
Announcement Date
6 March 2009
Employment effect (start)
6 March 2009
Foreseen end date

Description

The hydraulic equipment manufacturer M+S Hydraulic is to reduce its workforce by up to 20 percent. The cuts are blamed on the sharp, 25% decline in the number of orders. The exact number of lay-offs is yet to be agreed with employers' organisations.

Sources

Citation

Eurofound (2009), M+S Hydraulic, Internal restructuring in Bulgaria, factsheet number 68856, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68856.