Username
Password
Stay logged in
About us Clients Partners Marketing Contact Login | Register
Monday, 29 August 2016
Weather forecastWeatherBelgrade24°C

Cooper Tire officially takes over Krusevac-based Trayal tire factory

Wednesday, 01/18/2012|12:54 | Source: Tanjug
 sr  de 

U.S. Cooper Tire paid EUR 13 million Tuesday to acquire Krusevac-based Car Tire Factory (FAG), which used to be an integral part of Trayal Corporation, and officially became the factory's owner in that way.

As Trayal Corporation Deputy CEO Nebojsa Djenadic confirmed to Tanjug on Tuesday, money from the sale of FAG will be spent on new equipment and raw materials and the payment of an old debt to suppliers.

- About EUR 3.3 million euros will be invested, whereas the rest will be used to pay a debt from the previous period to suppliers and a debt to the Republic Health Insurance Fund, as well as severance pays to redundant workers - Djenadic specifed.

According to his words, representatives of the U.S. company visited Trayal Corporation on Tuesday.

Trayal Corporation PR Manager Lenka Markovic told Tanjug that officers from the Personnel Department would be terminating employment agreements with Trayal's workers in the Krusevac-based office of Cooper on Wednesday.

According to earlier statements of Zoran Jeftic, who is a trustee of Nezavisnost Trade Union at Trayal Corporation, Cooper Tire will keep 375 out of 493 workers at FAG and hire additional 38 people from other factories of Trayal. Also, according to his words, Cooper plans to employ another 100 workers until June.

People at Cooper's office in Krusevac did not want to comment on the employment process yesterday, while Milenko Mihajlovic, president of the Trade Union Council for several municipalities, announced talks with Cooper about the employment of people for a definite period of time.

Related documents
07/06/2016
The German Eberspächer organizes “Suppliers' Day” - Talks about cooperation with 12 companies from Serbia
05/23/2016
STEVANOVIC: Companies protected from debt collectors continue operating
05/23/2016
No end to privatization - Decisions for state-owned companies before 31 May almost an impossible mission, who will pay the cost?
05/06/2016
Czech Tatra interested in Krusevac-based 14.oktobar
More information on companies
Trayal korporacija a.d. Kruševac
Cooper Tire & Rubber Company Findlay
Cooper Tire & Rubber company Kruševac
Republički fond za zdravstveno osiguranje Beograd
Find other documents mentioning
Trayal
Cooper Tire
Car Tire Factory Krusevac
FAG
Nebojsa Djenadic
Republic Health Insurance Fund
RFZO
Lenka Markovic
Nezavisnost trade union
Zoran Jeftic
Milenko Mihajlovic
Social networks:
 
 
 
 
 
 
 
Home
News
Seven Days
On this day
Speculations (or not)
Galleries
Tenders
Tenders
Who wins tenders?
Real estate & construction
News
Projects
To invest in real estate or not?
Belgrade urban planning stories
Real estate offer
Real estate demand
Location offer
Plans on public display
Property in bankruptcy/liquidation
Who is Who
In Serbia
In economy and politics
Interviews
Events
All Events
All Today's events
Trade fairs and exhibitions
Conferences
Seminars and workshops
After Work
All stories
Most popular movies
Most popular books
Time machine
© 2005 - 2016, eKapija. All rights reserved. Terms of Use and Copyrights Statement of copyright protection support