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
1,000 jobs Number of planned job creations
Announcement Date
20 May 2019
Employment effect (start)
20 May 2019
Foreseen end date
Description
The German automotive manufacturer Kostal announced that it will provide 1,000 new jobs for its production plant based in Pazardzhik, Bulgaria. The new jobs are needed as a result of a planned expansion. Recruitment has already begun and the 1,000 job vacancies must be filled by the end of this year. The total new jobs are expected to reach 1,500 by 2020. Kostal entered the Bulgarian market in 2016 and produces electronic and mechatronic parts for the automotive industry. The plant manufactures components for more than 5 million vehicles worldwide.
Eurofound (2019), Kostal Bulgaria Automotiv, Business expansion in Bulgaria, factsheet number 97753, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97753.
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