Henkel received EUR 45,000 per employee in state subsidies

The State Aid Control Commission has approved 4.5 million euros in state subsidies intended for the construction of new and expansion of existing production plants in Krusevac to Henkel Serbia. The company has an obligation to hire at least 100 workers by the end of 2023.

This means that Henkel will receive 45,000 euros for each new employee it hires, more than the average subsidy, which according to the latest data amounted to 30,000 euros per employee. The Austrian company is obliged to invest at least 45 million euros over the next five years. The investment includes the purchase or construction of a plant (17.65 million euros) and the purchase of new equipment (27.35 million euros).

In 2020, Henkel was granted 14.4 million euros in subsidies for the construction of a new production line and expansion of existing ones at the Krusevac plant after hiring 100 new workers. At 144,362 euros per employee, the company has so far received the highest subsidies for the creation of new jobs out of all foreign investors.

The Krusevac plant produces detergent powders and liquid and solid products. Henkel Serbia was founded in 2002 and is owned by the eponymous Austrian company. It is engaged in the production of detergents, soaps, cleaners and polishes and has production facilities in Indjija and Krusevac.

Henkel has 594 employees and sales of about 309 million euros. Its prominent brands are Merix, Persil, Mer, Bref, Toliler and Somat. The subsidies will be paid in two tranches: the first of 1.6 million euros in 2023 and the second of 2.9 million euros in 2024.

(Nova Ekonomija, 30.05.2022)


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