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; Yugoiztochen; Stara Zagora
Location of affected unit(s)
Kazanlak
Sector
(10 - 33) Manufacturing (28) Manufacture of machinery and equipment 28 - Manufacture of machinery and equipment n.e.c. 28 - Manufacture of machinery and equipment n.e.c.
193 - 224 jobs Number of planned job losses
Announcement Date
6 March 2009
Employment effect (start)
6 March 2009
Foreseen end date
Description
The hydraulic equipment manufacturer M+S Hydraulic is to reduce its workforce by up to 20 percent. The cuts are blamed on the sharp, 25% decline in the number of orders. The exact number of lay-offs is yet to be agreed with employers' organisations.
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