Cimos sells Livnica Kikinda and Srebrenica-based plant
Due to business optimization, the Slovenian company for production of motor vehicles components, Cimos, will sell in Serbia a large foundry "Kikinda AI" and a smaller foundry "Krusik - Precizni Liv".
Cimos in Srebrenica will also get a new owner, Seebiz portal reports and reminds that the company has already sold "Litostroj Power" and "Cimos Titan".
Thus, Cimos is looking for savings in millions in procurement, sales, supply chain and fixed cost and the major savings are expected in labor force. Layoffs will decrease labor costs by 15 percent and EUR 8,4 will be set aside for reimbursements.
Most Important News
11.03.2024. | Healthcare
Are Marketing Experts Reading Our Minds? – eKapija Investigates: What Neuromarketing Is and How Much It Is Used in Serbia
11.03.2024. | Construction, Transport
Tender for Continuation of Construction of Patrijarha Pavla Blvd Stopped – Contractors Demanding Price Higher Than Estimated
11.03.2024. | Construction, Transport
11.03.2024. | Construction, IT, Telecommunications
Auction for 5G Network by End-Year, Minister Announces
11.03.2024. | Construction, IT, Telecommunications
28.03.2024. | Construction
Beginning of Construction of First “Green Dam” in Serbia Which Will Supply 500,000 People with Drinking Water
28.03.2024. | Construction
17.01.2024. | Industry, Healthcare
Ceremony of Opening of Centers of Excellence in Kragujevac Planned for Spring – Official Beginning of Operations in June
17.01.2024. | Industry, Healthcare
27.03.2024. | Industry, Transport, Finance
City to Waive Over 30 Zemun and Palilula Bus Lines to Private Transporters – Draft Public-Private Partnership for 10-Year Period Ready, Job Worth Half a Billion Euros
27.03.2024. | Industry, Transport, Finance