Kostal Bulgaria Automotiv

Type
Business expansion
Country
Bulgaria
Region
Yugozapadna i Yuzhna tsentralna Bulgaria; Yuzhen tsentralen; Pazardzhik
Location of affected unit(s)
Pazardzhik
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.31 - Manufacture of electrical and electronic equipment for motor vehicles
1,000 jobs
Number of planned job creations
Job creation
Announcement Date
20 May 2019
Employment effect (start)
20 May 2019
Foreseen end date

Description

The German automotive manufacturer Kostal announced that it will provide 1,000 new jobs for its production plant based in Pazardzhik, Bulgaria. The new jobs are needed as a result of a planned expansion. Recruitment has already begun and the 1,000 job vacancies must be filled by the end of this year. The total new jobs are expected to reach 1,500 by 2020. Kostal entered the Bulgarian market in 2016 and produces electronic and mechatronic parts for the automotive industry. The plant manufactures components for more than 5 million vehicles worldwide.

Sources

Citation

Eurofound (2019), Kostal Bulgaria Automotiv, Business expansion in Bulgaria, factsheet number 97753, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97753.