Fact Sheet Details
Company: Ideal Standard - Vidima AD
Geographic location
- Country:
Bulgaria
- Region:
Severna Bulgaria ; Severen tsentralen
- Location of affected unit(s):
Sevlievo
Company
- Group :
Ideal Standard International BVBA
- Sector :
Manufacturing : Manufacture of ceramic sanitary fixtures (Nace DI)
- Number employed:
3300
Employment effects
- Announcement Date:
20-07-2011
- Planned job reductions:
- Type of restructuring:
Business expansion
- Employment effect start:
01-05-2011
- Foreseen end date:
31-07-2011
- Direct dismissals:
- Other job reduction measures:
- Planned job creation:
100
Additional information
Ideal Standard - Vidima AD announced it recruited 100 new employees between May and July 2011.
The company stated the expansion is due to its aims to achieve 18% increase in production volume and 10% increase in productivity and to do so during the year it will introduce new technological equipments.
Ideal Standard - Vidima AD produces sanitary reinforcement equipment for bath and kitchen applications.
The two subdivisions of Sevlievo Ideal Standard International - Ideal Standard Bulgaria JSC and Ideal Standard - Vidima AD are united under the name" Ideal Standard - Vidima "AD since February 1, 2011. Ideal Standard - Vidima AD operates as a subsidiary of Ideal Standard International BVBA.
Sources
Dariknews, 20-07-2011
Economynews, 20-07-2011
Links
Page last updated: 15 September, 2011