End for Turkish factory in Smederevo: Liquidation procedure started, about 350 workers will lose jobs!

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The Turkish textile factory Kaizen in Smederevo has officially started the liquidation procedure, and the reason stated in the documentation is the lack of economic justification to continue operations. As a result of this decision, around 350 workers will lose their jobs.

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The workers were first sent on a four-day paid leave, after which they were notified to come to the factory and sign the documents ending their employment.

One of the workers confirmed for RTS that they were told at a meeting that all obligations toward them will be fully in line with the law and regulations. According to data available on the website of the Serbian Business Registers Agency, the company has sufficient funds to meet all its obligations.

Kaizen has been operating in Smederevo since April 2016.

(Telegraf Biznis)