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Fact Sheet Details

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Company: Asarel-Medet
Geographic location
- Country:
Bulgaria
- Region:
Yuzhna Bulgaria ; Yuzhen tsentralen
- Location of affected unit(s):
Panagyurishte
Company
- Group :
- Sector :
Mining / quarrying : Mining of non-ferrous metal ores, except uranium and thorium ores (Nace C)
- Number employed:
1300
Employment effects
- Announcement Date:
26-02-2009
- Planned job reductions:
193
- Type of restructuring:
Internal restructuring
- Employment effect start:
26-02-2009
- Foreseen end date:
- Direct dismissals:
193
- Other job reduction measures:
- Planned job creation:
Additional information

Asarel Medet, the open pit copper miner, will gradually lay off 193 workers in Bulgaria. The downsizing is a result of the sliding global copper prices, which forced the company to trim its annual output, said the human resources director, Aleksander Chobanov. Asarel Medet cut its production target by 45% compared to last year's level.

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Page last updated: 7 May, 2009