200 Employees Out of a Job: Battery Manufacturer Closure Signals Broader Struggles for Bulgarian Manufacturing

The Pazardzhik-based battery manufacturer "Elhim-Iskra" will halt operations and begin laying off staff, affecting nearly 200 employees, according to APIS data, Bulgarian media "Capital" reported. In an announcement to the Bulgarian Stock Exchange, the company attributed the decision to a challenging financial and economic environment, influenced by several factors. The board of directors made the decision on Wednesday, March 4....