Podcast in English
Text size
Bulgarian National Radio © 2024 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

Hot weather with precipitation in some places

On Saturday, cumulus clouds will develop over the western half of the country and short-term rain showers are expected. There will be conditions for hail. It will be mostly sunny over the eastern areas. The highest temperatures will..

published on 8/2/24 6:45 PM

Vazrazhdane party will not support a government backed by MRF

The Vazrazhdane parliamentary party will not support a government behind which MRF stands, even without Delyan Peevski. This was stated by party chairman Kostadin Kostadinov during a meeting with "There is Such a People" (ITN) in search of support for..

published on 8/2/24 5:35 PM

First AI Olympiad to bring 200 young people from all over the world to Bulgaria

Bulgaria will welcome nearly 200 students and young people from all over the world who will participate in the first International Artificial Intelligence Olympiad created by Bulgarians .  44 teams have confirmed their participation in the..

published on 8/2/24 5:05 PM