Foreign Investors Create Over 2,000 New Jobs in Bulgaria
Bulgaria experienced a significant boost in its economy last year, with foreign investors creating more than 2,000 new jobs in various sectors
Мanufacturer of US computers and printers Hewlett Packard Inc. announced a major restructuring plan. HP said it intends to cut between 7000 and 9,000 jobs out of a total 55,000, according to global agencies.
The workers will be discharged “through a combination of employee exits and voluntary early retirement.” It expects to complete the culling in the company's 2022 fiscal year, CNN reported..
The restructuring plan was presented by Enrique Lores, who will become president and CEO of the company on November 1. The plan will allow HP Inc. to adapt to their customers' new consumer habits and focus more on services. The company will also be able to sell its printers at lower prices, but then will lock them into buying ink from HP. Customers also can opt to purchase printers at a higher price that would allow them to use third-party ink cartridges, Mr. Lores said, quoted by The Wall Street Journal.
The restructuring plan will be worth $ 1 billion. The company estimates that it will be able to save $ 1 billion annually from fiscal 2022.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a concerning revelation, the ad hoc committee investigating the activities of Gleb Myshin uncovered that over the past three to four years, a staggering 343 candidates from the Russian Federation seeking Bulgarian citizenship were discovered to have su
As the summer season draws near, the issue of staffing in the tourism sector in Bulgaria comes to the forefront once again, with the workforce having to depend on individuals from foreign countries for yet another year
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Deputy Minister of Transport and Communications, Anna Natova, announced the commencement of construction for an outdoor parking lot at Terminal 2 of Sofia Airport
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022