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.
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.
Eurofound (2016), Kostal Bulgaria, Business expansion in Bulgaria, factsheet number 87115, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87115.