Fri, Feb 10 2012

Holsim Bulgaria lays off 90 workers

Mon, Apr 27 2009 14:58 CET

byNick Iliev

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Holsim Bulgaria lays off 90 workers

Holsim Bulgaria, a cement factory, has announced that it is shedding 90 workers from its factories in Pleven and Beli Izvor, Vratsa municipality, a company press release has revealed, as quoted by Investor.bg

The company has suffered a sharp decline in demand. The company "will undertake all measures necessary to assist the workers once they are made redundant and make sure that the negative impact on their welfare will be minimised,"  the report says.

The company insists that the decision was taken by the executive board "due to a drastic slump in the demand for cement, as well as the sharp increase in the import of cheap Turkish cement ".

The termination of the production lines in the Pleven factory "will be for an indefinite time period, whereas the ones in Beli Izvor will last for at least one month".

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