August 8 (SeeNews) - Serbia's economy ministry said it has launched an analysis to determine the number of employees of state-owned drug maker Galenika who would agree to be made redundant in case of successful privatisation of the company.
The analysis aims to determine the minimum number of employees a potential buyer should commit to keeping after a potential purchase, the economy ministry said in a video file posted on the website of Serbian state-owned broadcaster RTS on Monday.
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The ministry would offer the employees wishing to voluntarily join a staff downsizing plan at Galenika a compensation equal to 200 euro per every year at the company while a further 200 euro will be paid by the buyer, it said.
Last month, RTS reported that Serbia's government is expected to launch a tender for the sale of majority stake in Galenika on September 1.
In March, the government cancelled a procedure for the privatisation of Galenika, acting on a proposal of the commission that held negotiations with the sole bidder, a British-Russian consortium.