Shock Closure: Leoni Exits Bulgaria, Leaving Thousands in the Pleven Region Jobless
Leoni, a major automotive cable factory in Pleven and one of Northern Bulgaria's largest employers, will shut down its operations by the end of the year and exit the country. The company plans to begin the gradual layoff of its approximately 1,300 workers starting in September, as announced at a press conference on Thursday. Employees were briefed on the situation yesterday before the public announcement, according to a report by Club Z.
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