EMCC European Monitoring Centre on Change

Odelo Bulgaria

Company/Organisation:
Odelo Bulgaria

Geographic Location

Country: Bulgaria
Region: Plovdiv; Yuzhen tsentralen; Yuzhna Bulgaria
Location of affected unit(s): Plovdiv

Company

Sector: Manufacturing
Manufacture of electrical equipment
27.4 - Manufacture of electric lighting equipment
Number Employed: 450
Group: Bayraktarlar Group

Employment Effects

Announcement Date: 08-08-2022
Type of Restructuring: Business expansion
Employment Effect Start: 08-08-2022
Foreseen End Date: 31-12-2022
Planned Job Creation: 100

Additional Information

Car lights manufacturer Odelo Bulgaria- a subsidiary of the Turkish company Bayraktarlar Group- plans to hire 100 employees for its second factory in Plovdiv. The factory was opened in April 2022. The company is recruiting machine operators, electricians, mechanics, maintenance technicians and electricians. On-the-job training will be provided to new employees.

The factory in Plovdiv produces spare parts. After increasing its revenue to BGN 49 million (€25 million ) in 2021, the company expects to add another 70% to its turnover in 2022.

Odelo Bulgaria supplies mainly Mercedes, BMW and Audi with car lights and spare parts for them. Investments in this plant amount to € 7.6 million. Currently 100 people work there. In May 2022, the company employed 450 people in all Bulgaria, 40% of them are women.

Previous business expansion of the company was recorded in the ERM database in 2019, when the creation of 450 new jobs was announced (Odelo Bulgaria-2019-BG).

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