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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.32 - Manufacture of other parts and accessories for motor vehicles
450 jobs Number of planned job creations
Announcement Date
22 October 2019
Employment effect (start)
22 October 2019
Foreseen end date
31 December 2022
Description
Odelo Bulgaria, an automotive signal lights manufacturer, announced at the inauguration of their new plant near Plovdiv the creation of 450 jobs by the end of 2023. Some 150 of the vacancies have already been filled in. Odelo Bulgaria has also opened a research and development centre in Sofia with 15 employees, but their number will increase to 40 in the coming three years.
The company is a subsidiary of Odelo Group, part of the Turkish Bayraktarlar Holding. The holding has a broad spectrum of business, among which are the automotive lights manufacturing, insurance, tourism and real estate development. Among its clients are Audi, BMW, Ford, Mercedes-Benz, Renault and VW.
Eurofound (2019), Odelo Bulgaria, Business expansion in Bulgaria, factsheet number 99065, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99065.
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