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Nov 06, 2017 15:58 EEST
BELGRADE (Serbia), November 6 (SeeNews) – Austrian crystal jewellery producer Swarovski is transferring more jobs to Serbia from its headquarters in Wattens in order to reduce costs, Austrian media reported quoting a senior company official.
"Less and less is being produced in Wattens, our production management is committed to relocating jobs. Serbia seems to be the panacea for cheap production," daily Tiroler Tageszeitung quoted Swarovski works council head Ernst Daberto as saying last week.
Swarovski opened in September 2015 a factory for 550 employees in Subotica, in northern Serbia, to support the production activities in Wattens with further manual work.
Swarovski, however, maintains its plans for the construction of a research and development (R&D) centre and a crystal grinding plant in Wattens. The crystal grinding plant will be launched in April 2019, Tiroler Tageszeitung said.
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