The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
100 jobs Number of planned job creations
Announcement Date
16 October 2005
Employment effect (start)
1 January 2007
Foreseen end date
Description
Management of Arsenal JSC is planning to invest €4 million in 2006 to open a new workshop, the executive director Nikolay Ibushev announced. In parallel, a new computer system (type CAD/CAM), will be implemented. This system allows the whole production process to be fully controlled. The new capacity of Arsenal will minimize the low-qualified work in some parts of the production lines and will create between 100 and 150 new working places. The new pistol Arsenal compact calibre 9x19 will also be produced in the new workshop. At the moment Arsenal exports its production in 80 countries and its civil production is certified according to the last European and Russian standards.
Eurofound (2005), Arsenal GSC - Kazanlak, Business expansion in Bulgaria, factsheet number 62430, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62430.
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