Type
Other
Country
Bulgaria
Region
Yuzhna Bulgaria; Yuzhen tsentralen; Stara Zagora
Location of affected unit(s)
Kazanlak, south-central Bulgaria
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
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, Other in Bulgaria, factsheet number 68856, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68856.