Schneider Electric

Type
Business expansion
Country
Bulgaria
Region
Yugozapadna i Yuzhna tsentralna Bulgaria; Yuzhen tsentralen; Plovdiv
Location of affected unit(s)
Plovdiv
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
100 jobs
Number of planned job creations
Job creation
Announcement Date
15 June 2022
Employment effect (start)
15 June 2022
Foreseen end date
30 June 2023

Description

Schneider Electric, the French energy management and automation company, is planning to create 100 new jobs until mid 2023 at its factory in Plovdiv. The jobs will be created as a result of a planned 60 million Euro investment in its Bulgarian factory to increase the production volume by 30%. The area of the plant will be increased and three new production lines will be opened.

Currently, Schneider Electric's factory in Plovdiv produces over 40 million automatic circuit breakers per year, distributed worldwide. The company has been present in Bulgaria since 1990 and opened its factory in 2007.

Sources

Citation

Eurofound (2022), Schneider Electric, Business expansion in Bulgaria, factsheet number 107055, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/107055.