Podcast in English
Audio Player
Text size
Bulgarian National Radio © 2025 All Rights Reserved

CEO of Bulgaria's Arsenal arms factory denies information about staff cuts

| updated on 4/29/20 4:24 PM
Photo: BGNES

Redundancies at Arsenal arms factory in the town of Kazanlak have begun, the BNR correspondent in Stara Zagora reports. At the end of March the company informed the employment office in Kazanlak that it was going to make 2,000 workers redundant. 

Representatives of Bulgarian syndicates forecast that the number of redundancies will be smaller. The main reason for the planned redundancies is the declining number of orders due to the unpredictable situation on the international markets in the recent months, the management of Arsenal arms factory informed. 

In an interview with the Bulgarian National Radio later today, Arsenal CEO Nikolay Ibushev has denied the reports about staff cuts, saying there will be no layoffs until the end of May. He explained that cuts were planned a month ago, but the situation had changed. 

"There is work for all of our more than 8,000 employees in the enterprise," Ibushev said.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Ahmed Dogan admits there are serious problems in the collective body of his DPS

"In recent years, the collective body of the DPS has had serious problems - as a collective way of life, as a way of making decisions, as a relationship with living people, living voters, with the relevant serious problems and the..

published on 4/14/25 8:20 PM

Temperatures up to 15C and cloudy

Cloudy skies are expected across the country on Tuesday , with scattered rain in western Bulgaria. There will be light east-southeast winds, moderate in eastern Bulgaria. Lows will be between 5°C and 10°C, around 7°C in Sofia. Maximum temperatures will..

published on 4/14/25 7:05 PM

Bulgarian and Turkish Chief Prosecutors meet in Sofia

The Bulgarian and Turkish Chief Prosecutors, Borislav Sarafov and Muhsin Şentürk, held an official meeting in the Court House in Sofia . This is Muhsin Şentürk's first official visit to Bulgaria since taking office and follows the visit of a delegation..

published on 4/14/25 2:49 PM