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.
The German company, VOSS Automotive produces SCR (Selective Catalytic Reduction) systems for diesel vehicles as well as temperature management solutions for electric vehicles and announced to widen its team by 100 workers in the next weeks in its plant in Lovech, Bulgaria. Over the coming months the company will also start producing heavy-duty air suspension components and its preparing for producing also a new battery cooling systems for e-vehicles, which delivery will commence in 2023.
VOSS Automotive Bulgaria is a subsidiary of VOSS Holding Gmbh. It operates in the commercial vehicle, passenger car and off-road industry, as a producer of pneumatic, fuel, hydraulic systems, exhaust solutions, and new technologies. The holding locations include 20 points in 4 continents with more than 5000 employees worldwide.
Eurofound (2022), Voss Automotive, Business expansion in Bulgaria, factsheet number 106629, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106629.