The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Food, Beverages And Tobacco In Specialised Stores 47.2 - Retail sale of food, beverages and tobacco in specialised stores
1,200 jobs Number of planned job creations
Announcement Date
17 November 2010
Employment effect (start)
25 November 2010
Foreseen end date
28 February 2011
Description
On 25 December, German retail chain LIDL opened fourteen hypermarkets across the country and created 1,200 new jobs. The new stores are located in Sofia, Stara, Zagora, Sliven, Plovdiv, Petrich, Pazardjik, Montana, Lovech, Kardjali, Varna and Gabrovo.
The German company has invested EUR 130 million in Bulgaria, said Minister of Regional Development Rosen Plevneliev. The investment is expected to increase to EUR 300 million.
According to Milena Dragiyska, manager of LIDL Bulgaria, the number of people employed will increase with the opening of new stores. The company will have between 20 and 25 stores in Bulgaria by February 2011.
Eurofound (2010), Lidl, Business expansion in Bulgaria, factsheet number 71261, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71261.
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