Reichle & De-Massari AG

Type
Business expansion
Country
Bulgaria
Region
Yugozapadna i Yuzhna tsentralna Bulgaria; Yugozapaden; Sofia (stolitsa)
Location of affected unit(s)
Sofia
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
180 jobs
Number of planned job creations
Job creation
Announcement Date
9 December 2011
Employment effect (start)
1 June 2012
Foreseen end date

Description

Recently Reichle & De-Massari, a Swiss company specialized in information and communication technology, announced that it will move part of its production to Sofia creating 180 new jobs. The Swiss family business, based in Wetzikon, is expected to open the new plant in Sofia by mid next year.

Reichle & De-Massari's core business is the development and manufacturing of cabling technology for communication networks.

R&M subsidiaries have been established in Austria, Dubai, Germany, Hungary, Italy, Poland and Singapore.

Sources

Citation

Eurofound (2011), Reichle & De-Massari AG, Business expansion in Bulgaria, factsheet number 72834, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72834.