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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Trade, Except Of Motor Vehicles And Motorcycles 46 - Wholesale trade, except of motor vehicles and motorcycles
250 jobs Number of planned job creations
Announcement Date
12 June 2006
Employment effect (start)
12 June 2006
Foreseen end date
30 November 2006
Description
On 12 June 2006 Metro Cash&Carry, the German retailer, said it has kicked off the construction of a new hypermarket in Blagoevgrad, South-western Bulgaria. The 20 million euro outlet, Metro's 8th in the country, will have 7,200 sqm of retail floor area, will create 250 jobs and is set to open for business in November. The 250 people are employed since June 2006 and are currently in different trainings. Metro, which in 1999 became the first high-profile arrival on Bulgaria's retail market, reported local sales of 700 million levs for 2005.
Eurofound (2006), Metro Cash and Carry, Business expansion in Bulgaria, factsheet number 63623, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63623.
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