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 29.3 - Manufacture of parts and accessories for motor vehicles
600 jobs Number of planned job creations
Announcement Date
12 January 2015
Employment effect (start)
1 February 2015
Foreseen end date
Description
Cable supplier Nexans autoelectric Bulgaria plans to create 600 new jobs at its first plant in Pleven. The first 100 employees will be hired by the end of 2015. The plant in Pleven will produce cable harnesses for leading automobile manufacturers in Europe.
According to InvestBulgaria Agency (IBA), the renowned automobile supplier Nexans autoelectric, based in Southern Germany, had checked out several options in various Eastern European countries last year, and decided in favour of the region of Pleven after an extensive analysis of the location factors. "Pleven was chosen as location of the new plant because of good infrastructure, excellent labour market and the accession of Bulgaria to the European Union", commented the responsible project manager, Michael Kroop, regarding the successful conclusion of the negotiations.
With more than 8,000 employees in 23 locations, Nexans autoelectric develops and produces cabling systems and electromechanical components for automotive and system manufacturers.
Sources
13 January 2015: Stroitelstvo.info
15 January 2015: InvestBulgaria Agency
Citation
Eurofound (2015), Nexans autoelectric Bulgaria, Business expansion in Bulgaria, factsheet number 78344, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78344.
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