Bulgarian Posts EAD

Type
Internal restructuring
Country
Bulgaria
Region
Location of affected unit(s)
Sector
Transportation / Storage
53 - Postal and courier activities
53.1 - Postal activities under universal service obligation
53.1 - Postal activities under universal service obligation
400 - 1,000 jobs
Number of planned job losses
Job loss
Announcement Date
11 January 2012
Employment effect (start)
15 January 2012
Foreseen end date
31 December 2012

Description

Bulgarian state postal operator Bulgarian Post aims to cut 850 to 1,000 jobs until the end of the year. The management signed an agreement with trade unions on the 10th of January and the redundancy programme will run in January and February. Some sources indicate that take-up could be as low as 400 jobs cut only.

The redundancy programme relies on voluntary departures and will make workers in retirement age redundant, as well as people willing to leave the company or work part-time. Redundant employees will receive compensation payments amounting to 2 to 10 salaries according to time working for the company.

Bulgarian post employs currently 12,000 people.

Sources

  • 11 January 2012: Capital
  • 11 January 2012: Dnes

Citation

Eurofound (2012), Bulgarian Posts EAD, Internal restructuring in Bulgaria, factsheet number 73127, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73127.