South Korean supplier shuts down Serbian factory
Yura Shinwon ceases production of wire harnesses at its factory in Nis, Serbia due to significant loss of business, serbianmonitor.com reported, citing the Beta news agency.
The ad, which was reportedly pinned to the factory’s notice board, did not indicate how many workers would lose their jobs.
Employees told the news agency that 264 full-time employees would be able to continue working, while nearly 400 workers on fixed-term contracts would lose their jobs.
âFixed-term contract workers have until September 11 to declare whether they wish to move to work in Yura’s second factory. Those who accept will sign an annex to the contract and continue to work for a fixed period of six months, while those who refuse will lose their jobs, âsaid a worker who wished to remain anonymous.
Workers who refused to change factories were told they would end up without severance pay because the employer had the right to do so under existing labor laws.
âThe notice said the plant would close on September 30 and that took us all by surprise. Workers who have a fixed-term employment contract are really worried; they wonder if they will be able to find another job quickly because they have families to support and many have bank loans to pay, âsaid the same worker.
The management of the South Korean company did not want to comment further on the fate of the factory and the dismissal of the workers, serbianmonitor.com noted.