SARAJEVO (Bosnia and Herzegovina), October 16 (SeeNews) – Bosnian footwear maker Intral BH has leased the production facilities of indebted peer Aida and plans to invest some 600,000 marka ($348,600/306,800 euro) in their upgrade to increase production capacity, the government of the Tuzla canton said.
Intral will renovate production halls with a total area of 5,000 sq m and shift 250 of its workers to the former Aida facilities where it will employ an additional 50 workers, the cantonal government said in a press release on Thursday.
The company is prepared to employ former Aida staff and aims to increase its headcount from 600 to 800 in the near future, the general manager of Intral, Ilija Sehovic, said.
Aida’s employees had been protesting for several years due to poor working conditions and salary arrears. In early September, the government of the Tuzla canton was set to decide on whether to declare the company bankrupt. The fate of the company remains undecided with the Intral deal expected to provide a partial solution for some of Aida’s employees.
(1 euro=1.95583 Bosnian marka)