"Tigar Tires" to stop production between December 12 and January 3
Pirot-based automobile tires factory
"Tigar Tires" announced that it would start three-week stoppage of production the
next day (December 12, 2008).
- The factory’s management has decided to discontinue production in the period December 12 – January 3, 2009, because of the effects of global economic crisis - said Vladimir Nikolić, the Director General of the Pirot-based factory whose majority owner is French "Michelin".
According to his words, the crisis influences Serbia, especially "Tigar Tires", which exports
about 90% of its products.
- The problems that occur concern, first of all, smaller number of order, and there is also our wish to reduce quantity of ready-made products on stock at the end of the year and that is why we decided to discontinue production - said he.
According to Nikolić's words, only the service workshops and accompanying services will be available between December 12 and January 3, 2009.
The factory in Pirot has about 2,000 workers, while the factory in Babušnica employs about 200 of them- There is no dismissal of workers at the moment. We will resume production on January 3rd, in accordance with our plans - said Nikolić.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
24.04.2024. | Construction, Healthcare
Price of construction of Tirsova 2 increases to EUR 141.6 million – Contract awarded to consortium of 10 companies
24.04.2024. | Construction, Healthcare
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
24.04.2024. | Construction, Transport
Dates of publishing of tenders for construction of three sections of fast railroad from Belgrade to Nis known
24.04.2024. | Construction, Transport