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.
Mining / Quarrying Mining And Quarrying Mining Of Metal Ores 07 - Mining of metal ores
1,000 jobs Number of planned job creations
Announcement Date
20 October 2011
Employment effect (start)
20 October 2011
Foreseen end date
31 May 2012
Description
The Bulgarian lead and zinc smelter KCM AD- Plovdiv is to create 1000 new jobs in 3 mines - Varba-Batantsi, Shahonitsa and Pechinsko, according to the Minister of the Economy and Energy Traycho Traykov. This was announced during the opening of the first concession mine Varba. A total of 350 workers will be hired by the end of the year and the remainder in early 2012.
KCM AD is part of the holding structure of KCM 2000 AD which manages a portfolio of companies operating in the field of nonferrous metals production, trade, industrial engineering and industrial service. KCM AD is a leading producer of nonferrous and precious metals in Southeast Europe and the Black Sea Region.
Sources
20 October 2011: Trud
20 October 2011: Time.mk
Citation
Eurofound (2011), KCM-Plovdiv, Business expansion in Bulgaria, factsheet number 72626, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72626.
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