Just two months after employees of Vino Župa Company were informed that they would not continue working at the factory, the company officially entered bankruptcy.
Vino Župa, engaged in the production and sale of wine, alcoholic beverages, juices, concentrates and bases, has indeed gone bankrupt, according to a ruling issued by the Commercial Court in Belgrade.
Bankruptcy proceedings were opened on 5 March this year due to what was stated as the debtor’s long-term inability to meet its payment obligations and its failure to comply with the adopted reorganisation plan.
The bankruptcy procedure was initiated by the company Mederano Investments doo in mid-January this year.
On 19 January this year, workers of Vino Župa in Aleksandrovac held a protest in front of the company to highlight that their employer owed them eight months worth of wages and that their health insurance had not been renewed.
Problems began to become apparent in mid-December last year.
Financial statements for 2024, available from the Business Registers Agency, show that Vino Župa recorded operating revenues of 1.5 billion dinars that year, while operating expenses exceeded revenues, reaching 1.7 billion dinars.
Around 230 employees, according to official records, were not given any explanation as to why they entered the new year with losses, why they would no longer be working, why they were not receiving wages, or why the company’s bank accounts had been blocked. Following the protests, representatives of the Serbian Ministry of Economy visited the workers in an attempt to find a solution, but no resolution was reached.
At the end of January, employees were informed that the company was entering pre-bankruptcy proceedings and that their outstanding wages would be paid from the Solidarity Fund, and that, in line with their qualifications, they would need to seek employment in other companies.
(Nova Ekonomija, 26.03.2026)