EMCC European Monitoring Centre on Change

ESAB Electrodes

Company/Organisation:
ESAB Electrodes

Geographic Location

Country: Bulgaria
Region: Sofia; Yugozapaden; Yuzhna Bulgaria
Location of affected unit(s): Ihtiman

Company

Sector: Manufacturing
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Group: ESAB

Employment Effects

Announcement Date: 16-12-2013
Planned Job Reductions min: 200
Type of Restructuring: Offshoring/Delocalisation
Employment Effect Start: 10-12-2013
Foreseen End Date: 31-12-2013

Additional Information

Welding electrodes manufacturer ESAB Electrodes ceased operations at its plant in Ihtiman. As reported, more than 200 jobs were lost.

According to media reports, the company that owns the factory decided to move its production to Hungary.

Sources:

16-12-2013btvnews

Sources Links:

http://btvnews.bg/article/bulgaria/ikonomika/amerikantsi-zatriha-i-iznesoha-uspeshen-balgarski-zavod.html