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.
Yugozapadna i Yuzhna tsentralna Bulgaria; Yugozapaden; Sofia
Location of affected unit(s)
Ihtiman
Sector
Manufacturing (26 - 27) Manufacture of electrical, electronic and optical products 27 - Manufacture of electrical equipment 27 - Manufacture of electrical equipment
New offshoring locations
Hungary
200 jobs Number of planned job losses
Announcement Date
16 December 2013
Employment effect (start)
10 December 2013
Foreseen end date
31 December 2013
Description
Welding electrodes manufacturer ESAB Electrodes ceased operations at its plant in Ihtiman. As reported, more than 200 jobs were lost.
According to media reports, the company that owns the factory decided to move its production to Hungary.
Sources
16 December 2013: btvnews
Citation
Eurofound (2013), ESAB Electrodes, Offshoring/Delocalisation in Bulgaria, factsheet number 76323, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76323.
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