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 Other Transport Equipment 30.92 - Manufacture of bicycles and invalid carriages
330 jobs Number of planned job creations
Announcement Date
25 October 2022
Employment effect (start)
25 October 2022
Foreseen end date
1 January 2023
Description
The Bulgarian manufacturer of e-bikes, Leader-96, has announced it will be creating 330 new jobs at its new production facility in Plovdiv. The factory will aim to produce over 300 thousand e-bikes per year. The new factory will be managed by the majority owner of Leader-96, E-Velox.
The investment is worth BGN 50 million (EUR 25.6 million). The new facility will span on 47,000 sq. m and have a built-up area of 25,000 sq. m.
Two years ago, Leader-96 expanded its existing plant in the village of Rogosh by Plovdiv, the investment has been BGN 4 million (EUR 2 million).
Eurofound (2022), Leader-96, Business expansion in Bulgaria, factsheet number 107650, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107650.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
