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 25.40 - Manufacture of weapons and ammunition
1,000 jobs Number of planned job creations
Announcement Date
5 September 2022
Employment effect (start)
6 September 2022
Foreseen end date
Description
Arsenal AD a Bulgarian weapons manufacturer will create 1000 new jobs. The new jobs will be in its production facilities in Kazanlak and Maglizh, central Bulgaria. Mainly women will be recruited for the factories. The average monthly salary will be around BGN 1,800 (900 Euro). Additional bonuses will be provided at the third and sixth months.
The plant currently employs about 6500 people and plans to increase the number to 8000.
Sources
5 September 2022: Bulgarian Telegraph Agency (BTA) (www.bta.bg)
Eurofound (2022), Arsenal, Business expansion in Bulgaria, factsheet number 107285, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107285.
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