Novinite.com
20 Apr 2025, 14:21 GMT+10
In the first three months of 2025, 16 companies filed 18 applications for mass layoffs, impacting a total of 1,332 workers. These layoffs are carried out under a specific procedure designed to protect workers' rights, with the qualification based on the size of the company. Even relatively small layoffs, such as those affecting just a few employees, are classified as mass layoffs. Over the past two years, the number of layoffs has remained relatively steady.
Mass layoff applications have been filed in nine districts, with the highest concentration in Sofia, where 409 people are affected. However, the companies involved have not been disclosed. In Vratsa, 247 layoffs are linked to the closure of the Japanese-owned automotive cable factory, SE Bordnetze - Bulgaria, which previously employed around 950 people in the region.
Other regions affected include Plovdiv, with 337 layoffs, and Stara Zagora, where 135 workers are expected to lose their jobs. In Stara Zagora, the layoffs are likely tied to the closure of the Maritsa-Iztok 3 power plant, owned by ContourGlobal, which had already laid off 318 workers last year. The company had announced plans to restart the plant between January and March, with some workers expected to return, but those plans are limited to the winter season.
Additional layoffs are taking place in Veliko Tarnovo (86 workers), Pleven (74 workers), Pazardzhik (20 workers), Pernik (14 workers), and Kyustendil (10 workers). The Veliko Tarnovo layoffs are reportedly linked to the closure of the Deni ice cream factory, now owned by Unilever, which will move production to other countries later this year.
In 2024, 70 companies filed 75 mass layoff notifications, resulting in 5,676 job losses. The largest layoff request was from Leoni in Pleven, which planned to lay off 1,191 workers. Other significant layoffs came from ContourGlobal (318 workers) and a Plovdiv-based company (302 workers). Companies in Burgas and Sliven also made major layoffs.
Get a daily dose of Manufacturing Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Manufacturing Mirror.
More InformationWASHINGTON, D.C.: President Donald Trump's administration asked a federal court to cancel a rule that limits credit card late fees...
GANAPAVARAM, India/GUAYAQUIL, Ecuador: India's shrimp exporters are facing mounting uncertainty as new U.S. tariffs threaten to disrupt...
This photo taken with a mobile phone shows a volunteer (R) helping Yemeni businessman Sufyan Marwan Sufyan Mohanmmed take vaccine reservation...
New Delhi [India], April 20 (ANI): At a conclave to be held on Tuesday, the Confederation of All India Traders (CAIT) said it is set...
Bengaluru (Karnataka) [India], April 19 (ANI): Karnataka Home Minister G Parameshwara on Saturday said that the state police have been...
By Rajnish Singh New Delhi [India], April 18 (ANI): Businessman Robert Vadra's questioning in the Gurgaon land deal case is 'concluded...
TOKYO, Japan: Facing the pressure of new U.S. tariffs, Honda is weighing a shift in its production strategy that could see more of...
BEIJING, China: China will raise battery safety standards for electric and plug-in hybrid vehicles, aiming to tackle fire and explosion...
LONDON, UK: Electric vehicle sales surged globally in March, with strong growth in China and Europe offsetting slower momentum in North...
In the first three months of 2025, 16 companies filed 18 applications for mass layoffs, impacting a total of 1,332 workers. These layoffs...
New Delhi [India], April 20 (ANI): India's manufacturing base and cost advantages will position the country suitably for potential...
Chandigarh (Punjab) [India], April 19 (ANI): Punjab Police's Anti-Gangster Task Force (AGTF) has arrested a 24-year-old man for attempting...