Reichle and De-Massari Bulgaria Production EOOD

Type
Business expansion
Country
Bulgaria
Region
Severna i Yugoiztochna Bulgaria; Yugoiztochen; Stara Zagora
Location of affected unit(s)
Hadji Dimitar
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
100 jobs
Number of planned job creations
Job creation
Announcement Date
4 July 2018
Employment effect (start)
4 July 2018
Foreseen end date
31 December 2018

Description

The Swiss manufacturer, Reichle and De Massari, of which the Bulgarian unit specialises in manufacturing passive cabling solutions for high-quality communication networks, announced it will invest about €2.55 million in expansion of its production capacity in Sofia. The company also plans to expand its product portfolio and to hire 100 employees to add to its current team of about 350 people in Bulgaria.

Citation

Eurofound (2018), Reichle and De-Massari Bulgaria Production EOOD, Business expansion in Bulgaria, factsheet number 94529, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94529.