Yura Shinwon is ending generation of wiring harnesses at its Nis factory in Serbia due to a big loss of company, serbianmonitor.com claimed, citing the Beta news company.

The announcement, said to have been pinned on the factory’s noticeboard, did not indicate the quantity of personnel who will shed their work opportunities.

Employees informed the news company 264 complete-time staff members will have the prospect to carry on functioning, even though virtually 400 personnel with mounted-expression contracts will shed their work opportunities.

“Workers with mounted-conditions position contracts have until 11 September to declare no matter if they want to go to do the job in the 2nd Yura plant. Those people who acknowledge will indicator an annex to the deal and carry on functioning for a mounted time period of 6 months, even though these who refuse will shed their work opportunities,” a employee who wished to continue to be nameless was quoted as declaring.

Staff who refused to change crops have been informed they would be left with no redundancy compensation as the employer had the correct to do so below existing labour legislation.

“The detect said the plant would close on 30 September and this took us all by shock. The personnel who have a mounted-expression position deal are seriously anxious they speculate if they will be able to locate a further position promptly due to the fact they have households to feed and several have bank loans to fork out,” said the exact same employee.

The management of the South Korean corporation did not want to remark additional about the factory’s future and the dismissal of the personnel, serbianmonitor.com said.