EMCC European Monitoring Centre on Change

Yazaki Bulgaria EOOD

Company/Organisation:
Yazaki Bulgaria EOOD

Geographic Location

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

Company

Sector: Manufacturing
Manufacture of transport equipment
29.32 - Manufacture of other parts and accessories for motor vehicles
Number Employed: 2200
Group: Yazaki Corporation

Employment Effects

Announcement Date: 02-02-2012
Type of Restructuring: Business expansion
Employment Effect Start: 01-02-2012
Foreseen End Date: 31-12-2012
Planned Job Creation: 500

Additional Information

Japanese company Yazaki Bulgaria EOOD (YBE) is to invest in a new plant in Sliven for the production of cable assemblies for Ford Transit. The plant will be built by the end of June 2012 and create 500 jobs by the end of the year. The workforce is expected to increase to 1500 in 2013.

Already in 2006, Yazaki wanted to develop its business in Sliven. However, the plan did not go through as the management failed to reach agreement with the local authorities.

The company is 100% owned by the Japanese Yazaki Corporation and has already invested about BGN 60 million in the Bulgarian town Jambol and it is a major employer (with over 2200 employees) in South-eastern Bulgaria. The company is a world-leading manufacturer of cable equipment for some leading brands such as BMW, Opel, as well as many Japanese and Korean car manufacturers.