Type
Business expansion
Country
Bulgaria
Region
Yuzhna Bulgaria; Yuzhen tsentralen; Plovdiv
Location of affected unit(s)
Rakovski
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27.12 - Manufacture of electricity distribution and control apparatus

200 jobs
Number of planned job creations
Job creation
Announcement Date
19 June 2015
Employment effect (start)
19 June 2015
Foreseen end date
31 December 2015

Description

ABB Bulgaria plans to create up to 200 new job positions at its factory in Rakovski (Plovdiv region), Bulgaria by the end of 2015. ABB established a representative office in Bulgaria in 1988 and at present has five sites in Bulgaria (Sofia, Petrich, Rakovski, Sevlievo and Varna). The two productions plants in Rakovski specialise in low and medium voltage electrical equipment. The head office is located in Sofia, the site in Petrich specialises in low voltage products, the one in Sevlievo produces high voltage products, while a turbocharger service station is located in Varna. ABB [ASEA Brown Boveri], is a multinational corporation headquartered in Zurich and a global leader in power and automation technology. The company has a presence in more than 100 countries, employing more than 140,000 worldwide with a revenue in 2014 amounting to $40 bn.


Sources

  • 19 June 2015: Money.bg
  • 19 June 2015: Investor.bg

Citation

Eurofound (2015), ABB Bulgaria, Business expansion in Bulgaria, factsheet number 84278, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84278.