Yura Shinwon in Niš shuts down production – 400 workers to lose their job

The Korean company Yura Shinwon has said that it would terminate the production of automotive parts and all services in that department in its Niš factory due to a large loss of business, writes the Beta news agency.

The announcement, pinned on the factory’s noticeboard, does not indicate the number of workers who will lose their jobs.

As the Beta agency learned from employees, 264 full-time employees will have the opportunity to continue working, while almost 400 workers with fixed-term contracts will lose their jobs.

“Workers with fixed-terms job contracts have until 11 September to declare whether they want to move to work in the second Yura plant. Those who accept will sign an annex to the contract and continue working for a fixed period of six months, while those who refuse will lose their jobs,” said a worker who wished to remain anonymous.

According to him, the workers were informed that, in case they refuse to move to the other plant, they would be left without redundancy compensation as the employer has the right to do so under the current Labour Law.

“The notice says that the plant will close on 30 September and this took us all by surprise. The workers who have a fixed-term job contract are really worried; they wonder if they will be able to find another job quickly because they have families to feed and many have bank loans to pay,” said the same worker.

The management of the South Korean company did not want to comment further about the factory’s destiny and the dismissal of the workers.

(Nova Ekonomija, 07.09.2021)



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