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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.31 - Manufacture of electrical and electronic equipment for motor vehicles
300 jobs Number of planned job creations
Announcement Date
11 June 2020
Employment effect (start)
1 February 2020
Foreseen end date
31 December 2020
Description
The Bulgarian MD Elektronik, owned by the German MD Elektronik manufacturer of data communication solutions for the automobile industry will hire up to 200 employees for its new plant in Vratsa, Bulgaria, by the end of 2021. The first 20 employees in Vratsa were hired in February 2020 and the total number of employees is planned to be between 300 and 500. The Bulgarian plant will produce data transmission cables and electronic components at first for the Volkswagen and Mercedes groups. The German MD Elektronik was established in 1974 and currently has subsidiaries in China, the Czech Republic and Mexico, with nearly 5,000 employees worldwide. The group is a supplier to all German automobile manufacturers.
Eurofound (2020), MD Elektronik, Business expansion in Bulgaria, factsheet number 100946, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100946.
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