February 4 (SeeNews) - Croatian food, beverage and drug producer Podravka [ZSE:PODR-R-A] said it will cut 276 jobs as part of a severance pay program in 2013.
Severance payments amounting to 4,500 kuna ($804/593 euro) for each year spent at the company will be paid to the workers leaving under the program, Podravka said in a statement on Friday.
The overall costs of the program are seen at close to 39 million kuna.
(1 euro = 7.5911 Croatian kuna)