Sisecam Auto Glass Factory in Bulgaria's Turgovishte Stops Production
Business | December 10, 2008, Wednesday // 00:00
- Tweet
Send to Kindle
Sisecam's glass factories in Bulgaria are affected by the decreasing demand on the European market because of the global financial crisis.
Sisecam's automotive glass factory in Bulgaria's Turgovishte - Trakiya Otocam - stopped its production over the decreased demand in Europe caused by the effects of the financial crisis.
The news was by the factory leader of the Podkrepa Labor Confederation Yuksel Yumerov as quoted by the Pari Daily.
The Turkish glass producer Sisecam has four factories in the northeast Bulgarian city of Turgovishte. Yumerov explained none of these was threatened by closure even though the company had already closed three of its plants in Turkey over the consequences of the global financial crisis.
The unionist is also quoted as saying Sisecam Bulgaria was not planning to lay off any workers. The company management, however, could reduce the working time, relocate workers to some of its other plants in Turgovishte, or ask workers to take an unpaid leave.
The Sisecam factories in Turgovishte are the largest investment abroad of the Turkish glass producer, and one of the largest green field investments in Bulgaria since 1989.
The news was by the factory leader of the Podkrepa Labor Confederation Yuksel Yumerov as quoted by the Pari Daily.
The Turkish glass producer Sisecam has four factories in the northeast Bulgarian city of Turgovishte. Yumerov explained none of these was threatened by closure even though the company had already closed three of its plants in Turkey over the consequences of the global financial crisis.
The unionist is also quoted as saying Sisecam Bulgaria was not planning to lay off any workers. The company management, however, could reduce the working time, relocate workers to some of its other plants in Turgovishte, or ask workers to take an unpaid leave.
The Sisecam factories in Turgovishte are the largest investment abroad of the Turkish glass producer, and one of the largest green field investments in Bulgaria since 1989.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Bulgaria’s Finance Minister: Gas Stations are Using the Moment to Make more Profit
- » Italy and Germany have allowed use of Accounts in Rubles for Russian Gas
- » Russia Cuts Off Finland's Gas on Saturday
- » At least 80%: The EU Obliges its Members to Stock up on Gas
- » Ambassador of Azerbaijan: We are Committed to Bulgaria's Energy Security
- » PM on Natural Gas: Bulgaria's Firm Step has Helped the Entire EU
