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.
EnerSys Bulgaria, subsidiary of the US-based global industrial batteries manufacturer EnerSys, is to cut up to 420 jobs at its facility in Targovishte.
As announced, the job reduction measure envisages 400-420 job cuts by the end of March 2014 and the use of a severance package. Only 120 employees will remain after the restructuring.
According to the sources, the social partners and the local authorities expressed concerns over the social consequences of the measure, since the Targovishte region suffers from high rates of unemployment.
As reported, the trade unions stress the need for a higher severance pay.
Eurofound (2013), EnerSys, Internal restructuring in Bulgaria, factsheet number 76316, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76316.