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.
Severna i Yugoiztochna Bulgaria; Severen tsentralen; Gabrovo
Location of affected unit(s)
Sevlievo
Sector
(10 - 33) Manufacturing (22 - 23) Manufacture of rubber, plastic and non-metallic minerals 23.4 - Manufacture of other porcelain and ceramic products 23.42 - Manufacture of ceramic sanitary fixtures
150 jobs Number of planned job losses
Announcement Date
28 January 2009
Employment effect (start)
27 January 2009
Foreseen end date
27 February 2009
Description
Ideal Standard Vidima, a manufacturer of bathroom fixtures, is to reduce its worfkroce by cutting 150 jobs by the end of February. The firm attributed the job losses to a sharp fall in demand due to the global economic crisis.
Eurofound (2009), Ideal Standard Vidima, Internal restructuring in Bulgaria, factsheet number 68855, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68855.
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