Bulgaria's Aging Workforce: Over 60% of 60-64 Year-Olds Remain Employed
In Bulgaria, more than 60% of people aged 60 to 64 remain active in the labor market, a figure that surpasses the European Union average.
Two major enterprises announce mass dismissals in the Stara Zagora region. The director of the Regional Inspection of Labour, Lyuben Georgiev, declared the news during a press conference.
According to Georgiev, the Central Contour Global Maritsa East 3 thermal power plant (TPP) is set to lay off 160 employees, with the termination date scheduled for May 10. Similarly, "M+S Hidravlik" AD in Kazanlak has already initiated the termination of labor relations for 128 employees since April 16, further exacerbating the region's economic strain.
In response to the impending crisis, a high-level meeting was convened at the social ministry, chaired by the resigned Minister of Labor and Social Policy, Ivanka Shalapatova. Alongside her political cabinet and the executive director of the Employment Agency (AZ), Smilen Valov, key stakeholders including the executive director of the Central Contour Global Maritsa East 3, Vasil Shtonov, and representatives from prominent labor unions were present.
During the deliberations, a pivotal decision was made to commence mapping the skills of workers at Contour Global Maritsa East 3 TPP, aiming to facilitate their transition to alternative employment opportunities. Minister Shalapatova reiterated the commitment of the Ministry of Labor and Social Policy, along with the territorial structures of the Employment Agency, to extend comprehensive support for the affected workers. She emphasized the significance of reducing the length of unemployment, sustaining motivation, and ensuring they are well-informed about the assistance programs available.
Echoing this sentiment, directors of employment offices in Stara Zagora, Radnevo, Haskovo, and Dimitrovgrad affirmed their readiness to assist the soon-to-be-displaced workers, underscoring a united effort to mitigate the socio-economic impact of the looming job losses.
Atanas Zafirov, the acting leader of the Bulgarian Socialist Party (BSP), emphasized the importance of forming a government not only to pass the budget but to safeguard the democratic system in the country.
Kostadin Kostadinov, leader of the pro-Russian "Revival" party, emphasized that his party is ready to take responsibility for forming a government in Bulgaria if they receive a mandate
Bulgaria's Foreign Minister Ivan Kondov stated that the country does not anticipate a rise in migration from the Middle East, and believes that the current situation could lead to a reverse trend
Delyan Peevski, leader of the DPS-New Beginning formation, has strongly criticized Bulgarian President Rumen Radev, accusing him of undermining the Constitution and creating political chaos
NATO Secretary General Mark Rutte will visit Bulgaria on December 19, 2024, as announced by the Ministry of Defense
Kiril Petkov has officially submitted a waiver of his parliamentary immunity to the registry of the 51st National Assembly
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