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.
Mining / Quarrying Mining And Quarrying Mining Of Coal And Lignite 05.2 - Mining of lignite
240 - 280 jobs Number of planned job losses
Announcement Date
11 April 2016
Employment effect (start)
12 April 2016
Foreseen end date
Description
Cherno more mine is to close with the consequent loss of 240 jobs in Burgas. The remaining 40 staff will continue working in the mine and they will mainly deal with maintenance and security. The affected employees have staged numerous protests due to their wages being delayed for months. They have not received their February wages but they have been assured that they will receive compensations.
The Ministry of Energy (ME) intends to find a solution with a view to reopening the mine. According to media reports, the ME is to launch soon a tender to find a new investor to whom the mining concession will be granted.
Mina Cherno more has been one of the main suppliers of thermal power plant Sliven.
Sources
11 April 2016: novinite
12 April 2016: BTV novinite
Citation
Eurofound (2016), Mina Cherno More (Cherno More Mine), Closure in Bulgaria, factsheet number 87136, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87136.
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