Friday 20 November 2009

German Supermarket Creates Jobs - But How Many Will Be Lost In The Long Term

Another supermarket making a spread in Bulgarian towns up and down the country. Good to see employment being created, but this is a fasle economy and as well as the cost of supermarket sterile environments. It will be the demise of personal friendly service from ‘local’ grocer shops that are owned run and employ their own Bulgarian staff. The job losses in this area will far outweigh the jobs created. What a crying shame this is happening in Bulgaria right now.

German Supermarket Creates Jobs - But How Many Will Be Lost In The Long Term
The German "Plus" chain will officially open its eighth Bulgarian retail outlet on Wednesday evening, in the town of Radnevo, close to Stara Zagora.

The new store will be open to customers on Thursday. The retailer has already opened stores in Bulgarian towns such as Pernik, Sevlievo, Silistra and Vratsa.

The company plans to expand to another 15 Bulgarian towns by the end of 2009. They have already invested BGN 150 M in Bulgaria, and this is set to increase to BGN 210 M, along with the creation of over 300 new jobs.

"Plus" is a chain of discount retail stores, typically of 1 000 – 1 200 square meters, offering a wide range of own-label goods specially produced in Bulgaria and other European countries, and specifically targeted at the fast turnover market sector.

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