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
250 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75260.
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