http://www.moscowtimes.ru/article/1009/42/380793.htm

Kalashnikov Maker Stops Production

14 August 2009The Moscow Times 
The Molot factory, one of the major sites of production for Kalashvikov assault 
rifles, suspended production for the second time this year due to an inability 
to meet debts, the Kirov region web site said.

The factory has been faced with large debts to banks, tax authorities, 
electricity suppliers and employees. Production was suspended for the first 
time in March and resumed after the factory received a 439 million ruble ($13.6 
million) cash injection from the government in June. 

Molot, which is owned jointly by state arms concerns Izmash and the State 
Property Agency, will need up to 40 million rubles in additional loans from the 
government, the web site said. Kirov governor Nikita Belykh told Ekho Moskvy on 
Wednesday that the factory could receive the money in the next two weeks. 

Meanwhile, close to half of the factory's 5,000 employees are unemployed, while 
the other half has been given jobs in the public sector at a salary of about 
4,330 rubles per month. 


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