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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.31 - Manufacture of electrical and electronic equipment for motor vehicles
600 jobs Number of planned job creations
Announcement Date
19 January 2015
Employment effect (start)
1 September 2015
Foreseen end date
Description
Arkomat Bulgaria plans to create between 600 and 700 jobs at its new plant in Bulgaria, located in Karlovo, which is expected to be operational by September 2015. Reportedly, the new plant will produce cable assemblies for vehicles for Volkswagen, Audi, Mercedes, Ford, Renault, Peugeot and Citroen. The investment is made by the American company Globe and the Italian ARK-O-MAT- Bulgaria LTD, which is the representative of Globe for Southern Europe.
The location of the new plant in Karlovo is dictated mainly by two reasons - the proximity of Kazanlak (where the first plant operates since 1999 with 1100 employees) and the high unemployment in Karlovo, which is above the national average.
Arkomat was founded in 1982 in Istanbul (Turkey) and it has been manufacturing welding machines and welding equipments since 1997. Since 1994, Arkomat has been an international subcontractor company for VWEST and since the beginning of 2007 – for SE BORDNETZE – BULGARIA (parts supplier for the international automotive industry).
Sources
19 January 2015: karlovoBG.eu
22 January 2015: dariknews
Citation
Eurofound (2015), Arkomat Bulgaria, Business expansion in Bulgaria, factsheet number 78188, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78188.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
