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Nov 22, 2023 11:23 EEST
November 22 (SeeNews) - Slovenian car parts manufacturer Cimos plans to lay off 100 employees due to a drop in demand in foreign markets, local media reported.
The decision concerns 40 managers in Slovenia and 60 workers in Croatia, Slovenian public broadcaster RTV quoted a works council representative as saying on Tuesday.
The decision was taken by the management of Cimos without discussions with the works council and should thus be revised, the works council added.
In September 2022, German holding company Mutares completed the acquisition of Cimos, which has seven production plants across Slovenia, Croatia, Serbia and Bosnia and Herzegovina, from Italian investment firm Palladio Holding Group.
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