EMCC European Monitoring Centre on Change



Geographic Location

Country: Bulgaria
Region: Targovishte; Severoiztochen; Severna Bulgaria
Location of affected unit(s): Targovishte


Sector: Manufacturing
Manufacture of electrical equipment
27.2 - Manufacture of batteries and accumulators
Number Employed: 520
Group: EnerSys

Employment Effects

Announcement Date: 11-12-2013
Planned Job Reductions min: 400
Planned Job Reductions max: 420
Type of Restructuring: Internal restructuring
Foreseen End Date: 30-03-2014
Direct Dismissals: 400

Additional Information

EnerSys Bulgaria, subsidiary of the US-based global industrial batteries manufacturer EnerSys, is to cut up to 420 jobs at its facility in Targovishte.

As announced, the job reduction measure envisages 400-420 job cuts by the end of March 2014 and the use of a severance package. Only 120 employees will remain after the restructuring.

According to the sources, the social partners and the local authorities expressed concerns over the social consequences of the measure, since the Targovishte region suffers from high rates of unemployment.

As reported, the trade unions stress the need for a higher severance pay.