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 25.4 - Manufacture of weapons and ammunition
200 jobs Number of planned job creations
Announcement Date
16 June 2023
Employment effect (start)
1 July 2023
Foreseen end date
31 December 2023
Description
Arsenal AD a Bulgarian weapons manufacturer will create 200 new jobs. The new jobs will be in its new weapons production facility in Stara Zagora. Since mid-may the company has become the new owner of the former Svetlina plant in Stara Zagora. For the needs of the new branch, the company will hire computer engineers, electrical and machine fitters, CNC machines operators and others. At the beginning, 200 to 300 jobs are expected to be created with a tendency to increase to 500.
The new branch will operate as a separate production facility within the company's Plant 1, and will eventually become a separate plant within the company. The plan of the company's management is to start operating it as early as next month and to have it equipped with the necessary equipment and personnel.
Eurofound (2023), Arsenal, Business expansion in Bulgaria, factsheet number 109215, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/109215.
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