EMCC European Monitoring Centre on Change

Yasaki Corporation

Company/Organisation:
Yasaki Corporation

Geographic Location

Country: Bulgaria
Region: Yambol; Yugoiztochen; Yuzhna Bulgaria
Location of affected unit(s): Yambol

Company

Sector: Manufacturing
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Group: Yasaki Inc.

Employment Effects

Announcement Date: 19-09-2006
Type of Restructuring: Business expansion
Employment Effect Start: 01-11-2006
Foreseen End Date: 30-09-2009
Planned Job Creation: 3000

Additional Information

By the end of 2009, the Japanese firm Yasaki Corporation will create some 2,933 new jobs at its new factory in Yambol. At the beginning, the Japanese firm hired 820 persons by December 2007. The Yasaki Corporation is producing cables for motor vehicles for Nissan, Toyota, Renault, BMW etc. By May 2008 the company hired 1,800 workers and is planning to increase their number to 3,000 by the end of 2009.