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.
Bulgarian state postal operator Bulgarian Post aims to cut 850 to 1,000 jobs until the end of the year. The management signed an agreement with trade unions on the 10th of January and the redundancy programme will run in January and February. Some sources indicate that take-up could be as low as 400 jobs cut only.
The redundancy programme relies on voluntary departures and will make workers in retirement age redundant, as well as people willing to leave the company or work part-time. Redundant employees will receive compensation payments amounting to 2 to 10 salaries according to time working for the company.
Bulgarian post employs currently 12,000 people.
Eurofound (2012), Bulgarian Posts EAD, Internal restructuring in Bulgaria, factsheet number 73127, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73127.
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