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.
Yugozapadna i Yuzhna tsentralna Bulgaria; Yugozapaden; Sofia (stolitsa)
Location of affected unit(s)
Orlandovtsi
Sector
(46 - 47) Wholesale / Retail 47 - Retail trade 47.1 - Non-specialised retail sale 47.11 - Non-specialised retail sale of predominately food, beverages or tobacco
100 jobs Number of planned job creations
Announcement Date
23 April 2024
Employment effect (start)
23 April 2024
Foreseen end date
31 December 2024
Description
The Bulgarian retail chain Fantastico has commenced the construction of a new shopping complex in the Orlandovtsi district in Sofia. Expected to be operational by year-end, this endeavor represents an investment exceeding BGN 23 million (EUR 11.76 million) and is planning to generate 100 new jobs.
Spanning 4707 square meters, the shopping center will allocate 1292 square meters for lease to various establishments including fast fashion stores, a pharmacy, a courier service station, a utility bill payment cashier, and an insurance brokerage. Additionally, Fantastico supermarket plans to offer a diverse range of 40,000 products, as informed by the chain to Capital.
Eurofound (2024), Fantastico, Business expansion in Bulgaria, factsheet number 201099, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201099.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...