Kalshnikov Maker – Layoffs To Come

Russia‘s troubled maker of the iconic Kalashnikov assault rifle faces layoffs and a possible merger with another arms manufacturer, a media report said Tuesday.

The Russian army last year failed for the first time to order new AK-47s, of which it says it already has 17 million in stock, a massive supply for its 1 million personnel.

Faced with low demand, Kalashnikov manufacturer Izhmash will likely have to lay off staff and merge with another arms maker, the Novye Izvestia daily reported…

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via Russia’s Kalshnikov maker faces layoffs, merger: report | EUROPE ONLINE.

http://en.europeonline-magazine.eu/russias-kalshnikov-maker-faces-layoffs-merger-report_247687.html