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.
Voss Automotive Bulgaria – a plant for manufacture of line assemblies, subsidiary of the German Voss Automotive, is hiring 500 workers for its new plant near Lovech.
The company’s plant in Bahovitsa village, Lovech municipality, will begin production in the middle of this year. By the end of 2020 it is planning hire 1,000 workers in total.
VOSS Automotive has plants in Brazil, China, Germany, India, Mexico and Poland. The company manufactures various automotive components - exhaust systems, connecting systems, fittings, multi-connectors, air suspension components, hydraulic and pneumatic systems, nozzles, turbines. The VOSS team unanimously chose Bulgaria among more than 22 selected countries to position their next plant.
The plant already has a big order for a large passenger car manufacturer for several million SCR lines, which it will start producing in the middle of 2019.
Eurofound (2019), VOSS Automotive Bulgaria, Business expansion in Bulgaria, factsheet number 96655, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96655.