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
100 jobs Number of planned job creations
Announcement Date
20 July 2011
Employment effect (start)
1 May 2011
Foreseen end date
31 July 2011
Description
Ideal Standard - Vidima AD announced it recruited 100 new employees between May and July 2011.
The company stated the expansion is due to its aims to achieve 18% increase in production volume and 10% increase in productivity and to do so during the year it will introduce new technological equipments.
Ideal Standard - Vidima AD produces sanitary reinforcement equipment for bath and kitchen applications.
The two subdivisions of Sevlievo Ideal Standard International - Ideal Standard Bulgaria JSC and Ideal Standard - Vidima AD are united under the name" Ideal Standard - Vidima "AD since February 1, 2011. Ideal Standard - Vidima AD operates as a subsidiary of Ideal Standard International BVBA.
Eurofound (2011), Ideal Standard - Vidima AD, Business expansion in Bulgaria, factsheet number 72352, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72352.
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