Restructuring events
European Restructuring Monitor (ERM)
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.
Teklas Bulgaria, a Turkish producer of rubber and plastic pipes for cooling and heating systems, announced the creation of 500 jobs at its plant in Kardzhali. Reportedly, the new jobs will be created by the end of 2015. Established in Bulgaria in 2004, the company currently employs 1,500 people and it is a supplier for large automotive manufacturers such as Mercedes, BMW, Audi, Volkswagen, and Volvo.
Eurofound (2015), Teklas Bulgaria, Business expansion in Bulgaria, factsheet number 84415, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84415.