Cigarette Factory in Bulgaria's Plovdiv Closes Down

Cigarette Factory in Bulgaria's Plovdiv Closes Down

Several hundreds persons will remain unemployed after the Bulgartabac cigarette factory is closed down in a week. (Sofia Photo Agency)
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The cigarette factory in Bulgaria's second largest city of Plovdiv is going to work until May 12, when its employees are supposed to be dismissed according to the notifications they have received.

The factory is currently working at full capacity in order to meet a large order for the internal market and to produce the planned smaller quantities of cigarettes for exports, plovdiv24.com reported.

The workers of the cigarette factory have accepted the decision to close it down after dramatic negotiations in which each of them was promised to receive 1,8 gross monthly salaries for each year they have worker at the plant.

The company management has not notified the employees yet whether the factory was going to be privatized quickly by selling its assets on the stock market, which was the idea two months ago.

At the beginning of 2008, the Governing Board of Bulgaria's tobacco monopoly Bulgartabac decided to close down two of its four factories - the ones in the cities of Plovdiv and Stara Zagora.