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.
Odelo Bulgaria, an automotive signal lights manufacturer, announced at the inauguration of their new plant near Plovdiv the creation of 450 jobs by the end of 2023. Some 150 of the vacancies have already been filled in. Odelo Bulgaria has also opened a research and development centre in Sofia with 15 employees, but their number will increase to 40 in the coming three years.
The company is a subsidiary of Odelo Group, part of the Turkish Bayraktarlar Holding. The holding has a broad spectrum of business, among which are the automotive lights manufacturing, insurance, tourism and real estate development. Among its clients are Audi, BMW, Ford, Mercedes-Benz, Renault and VW.
Eurofound (2019), Odelo Bulgaria, Business expansion in Bulgaria, factsheet number 99065, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99065.