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.
A new factory with 1,000 employees started working in Pleven. About 50,000 coats and trousers are going to be exported every month to the clients, which are the fashion trademarks Gianfranco Ferre, Calvin Klein, Cerutti, Bitsiani, and Daniel Hechter. The owner of the factory, Mr. Magdalen Dimotrov, has started his small factory in 1991 with 6 persons; now more than 1,400 people (in the long run) will be employed in the new factory. BGN 10 million are invested in the new factory. The expensive textiles are kept under special climate conditions; the temperature in the ironing rooms and the stores is strictly controlled. The payment is good, said one of the workers, and the working conditions are perfect. Every day the employees obtain lunch to very low prices as part of the social programme for the workers. Each of the constant client firms has an equipped office with high speed internet access. The municipality of Pleven has built the infrastructure for the factory. The investment in the Eastern industrial zone infrastructure of Pleven is BGN 150,000 - said the mayor of the town.
Eurofound (2006), Dimitrov, Business expansion in Bulgaria, factsheet number 63523, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63523.