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 Electrical Equipment 27 - Manufacture of electrical equipment
600 jobs Number of planned job creations
Announcement Date
18 June 2014
Employment effect (start)
18 June 2014
Foreseen end date
Description
Swiss-based global provider of power and automation technologies ABB group, opened a new production site in the industrial zone of Rakovski, Plovdiv. As reported, this is the second largest investement of the group in the country and is expected to create 600 jobs when the plant will be in full operation.
According to the sources, the plant will supply internally with components for low and medium voltage, ABB factories in Italy and Germany, as well as, other ABB factories in countries such as France, Norway, India and China.Â
Sources
18 June 2014: ABB (Press Release)
18 June 2014: Balkans news
Citation
Eurofound (2014), ABB Bulgaria, Business expansion in Bulgaria, factsheet number 77386, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77386.
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