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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
100 jobs Number of planned job creations
Announcement Date
15 June 2022
Employment effect (start)
15 June 2022
Foreseen end date
30 June 2023
Description
Schneider Electric, the French energy management and automation company, is planning to create 100 new jobs until mid 2023 at its factory in Plovdiv. The jobs will be created as a result of a planned 60 million Euro investment in its Bulgarian factory to increase the production volume by 30%. The area of the plant will be increased and three new production lines will be opened.
Currently, Schneider Electric's factory in Plovdiv produces over 40 million automatic circuit breakers per year, distributed worldwide. The company has been present in Bulgaria since 1990 and opened its factory in 2007.
Eurofound (2022), Schneider Electric, Business expansion in Bulgaria, factsheet number 107055, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107055.
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