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
300 jobs Number of planned job creations
Announcement Date
5 April 2016
Employment effect (start)
30 December 2016
Foreseen end date
30 December 2016
Description
Kostal Bulgaria, a subsidiary of German manufacturer of electronic systems for cars Kostal, is to create 300 new jobs at its new production facility in Pazardjik. This is the third plant operated by the company in Bulgaria.
The first Kostal facility in Bulgaria has been operational since 2011 and it employs 750 people. The second is located in Smolyan, where 100 new jobs are to be created by the end of 2016. Main customers of Kostal are Volskwagen, Ford, FIAT, Bentley, Lamborghini, Porsche, BMW and Daimler.
Founded in 1912 in Germany, Kostal Group has five main business divisions, namely automotive electrical systems, industrial electronics, connectors, test technology and solar electrics.
Sources
5 April 2016: Capital.bg
8 April 2016: bnr (Radio Bulgaria)
Citation
Eurofound (2016), Kostal Bulgaria, Business expansion in Bulgaria, factsheet number 87115, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87115.
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