Airbus To Lay Off Over 2000 Employees

Airbus will cut 2362 jobs in its defense and space division by the end of 2021 due to stagnation of the space market and delay of several defense contracts. This was announced by the European aircraft maker today.

At an intra-departmental meeting of Airbus, the company announced that it plans to cut 829 jobs in Germany, 630 in Spain, 404 in France, 357 in the UK and 142 in other countries, the group said in a statement.

The terms of these job cuts (age-dependent measures, internal reorganization or layoff plan) will be discussed in future talks with representative organizations, an informed source pointed out.

Read More

24% Increase In 4 & 5 Star Hotel Rooms In Bulgaria

An increasing share of tourists in Bulgaria are choosing accommodation places offering high quality services. In 2017, the overnight stays in 4 and 5...

OptiBiotix Lands Distribution Deal In Bulgaria

London-listed OptiBiotix (AIM:OPTI) Follow has signed a licensing agreement with Velinoff Pharma to distribute ProBiotix’s patented probiotic strain LPLDL® in Bulgaria.  Under...

Bulgarian Yearly Trade With United States Just Reached $1 Billion

Economy Minister Emil Karanikolov met with Herro Mustafa, Ambassador Extraordinary and Plenipotentiary of the United States. During the meeting Minister...

Recent

Bulgaria Looking For Investor To Build Congress Center In Varna

At the end of May a large investment forum will be held in Sunny Beach, on which the main theme will be...

UK To Set Up Tech Firm Regulator After Leaving EU

The UK government will set up a technology regulator next year to control companies like Facebook and Google after leaving the EU, BTA reported. The...

Bulgarian Ministry Of Economy To Start Campaign To Promote Return Of Bulgarians From Abroad

The Minister of Economy Mr. Emil Karanikolov and the Bulgarian Small and Medium-Sized Enterprises Promotion Agency (BSMEPA), represented by the Executive Director Mr. Boyko Takov,...