Restructuring events
European Restructuring Monitor (ERM)
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.
On February 21, 2012, Great Wall Motor Company (GWM), a Chinese automobile manufacturer, has opened a Bulgarian plant creating 120 jobs. Currently, 120 young people have started working at the company, which will eventually employ almost 2,000 people at full capacity (50,000 cars annually). The management team includes foreign consultants and managers with extensive experience in manufacturing the world's leading automotive brands.
Established in 1976, GWM is the largest private car manufacturer and exporter in China. The production output in the Bulgarian plant is meant for the European market.
The plant is located in the village Bahovitza close to the city Lovech.
Eurofound (2012), Great Wall Motor Company, Business expansion in Bulgaria, factsheet number 73114, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73114.
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