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 Wood And Paper Materials Manufacture Of Paper And Paper Products 17.12 - Manufacture Of Paper And Paperboard
300 jobs Number of planned job losses
Announcement Date
25 October 2024
Employment effect (start)
25 October 2024
Foreseen end date
31 December 2024
Description
Mondi Stamboliiski - the Bulgarian subsidiary of Mondi Group pulp and paper producer will end its operations from the New Year. All company workers, about 300 people, will be dismissed.
The main reason for the plant's closure was the fire that broke out in its production area in September. The fire caused extensive damage to the craft paper machine, which has had a capacity of 100,000 tonnes per year, and shut down the plant's production process.
Meetings are to be arranged concerning the formal cessation of the company's production activities and the redundancy of employees. They will talk about the qualification and retraining of the staff, and finding jobs for the employees.
Eurofound (2024), Mondi Stambolijski, Closure in Bulgaria, factsheet number 201844, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201844.
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.
