Ideal Standard Vidima

Type
Business expansion
Country
Bulgaria
Region
Severna i Yugoiztochna Bulgaria; Severen tsentralen;
Location of affected unit(s)
Gorna Oryahovitsa, Levski
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
200 jobs
Number of planned job creations
Job creation
Announcement Date
1 August 2007
Employment effect (start)
1 October 2007
Foreseen end date

Description

Ideal Standard Vidima, a Bulgarian group that produces sanitary reinforcement equipment for bathrooms and kitchens, is to create 200 jobs in Levski and Gorna Orijahovitza with the opening of two new sites at which sanitary fittings will be grinded and polished. The investment in the new sites is expected to come to about 400,000 BGN. The group’s executive director, Mr. Krassimir Kopchev, has stated that the firm has decided to invest outside the town in which their headquarters is based, Sevlievo, because of a lack of appropriately skilled workers in the area. The group has established that suitable workers exist in the regions in which the new sites are to be based, and will also provide training courses for the new employees.

Sources

  • 1 August 2007: Pari

Citation

Eurofound (2007), Ideal Standard Vidima, Business expansion in Bulgaria, factsheet number 65692, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65692.