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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
156 jobs Number of planned job losses
Announcement Date
18 June 2012
Employment effect (start)
1 June 2012
Foreseen end date
30 September 2012
Description
Solarpro, a company specializing in photovoltaic manufacturing and production, announced plans to close its plant in Silistra and cut 156 jobs over the next three months. The company representatives blame low prices for electricity from solar installations for this decision. The affected workers will be dismissed and there is no possibility for relocation.
Solarpro Holding is a Bulgarian producer of photovoltaic cells and modules. The company also provides EPC as well as operation and maintenance services for solar power plants.
Sources
18 June 2012: Novinar
Citation
Eurofound (2012), Solarpro Holding AD, Closure in Bulgaria, factsheet number 73755, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73755.
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