Arsenal

Type
Internal restructuring
Country
Bulgaria
Region
Severna i Yugoiztochna Bulgaria; Yugoiztochen; Stara Zagora
Location of affected unit(s)
Kazanlak
Sector
Manufacturing
(24 - 25) Manufacture of metals
25.3 - Manufacture of weapons and ammunition
25.3 - Manufacture of weapons and ammunition
250 jobs
Number of planned job losses
Job loss
Announcement Date
1 April 2013
Employment effect (start)
1 June 2013
Foreseen end date

Description

Arsenal Kazanlak, one of the largest military weapon and ammunition factories in the Balkans, has announced 250 redundancies. The job cuts will be carried out after May 2013. Arsenal (Арсенал АД) is a Bulgarian joint-stock company based in Kazanlak, engaged primarily in the manufacture of firearms and military equipment and employs around 5,500 people. For a previously announced restructuring see Arsenal–2012.

Sources

  • 1 April 2013: Kazanlak

Citation

Eurofound (2013), Arsenal, Internal restructuring in Bulgaria, factsheet number 75260, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75260.