Vučić: Layoffs in the south due to a “significant increase in wages”

In the last few months, several foreign companies in the south of Serbia have closed their plants. The President of Serbia, Aleksandar Vučić, explains this by “significant increase in wages”.

The wave of dismissals has shaken Serbia in recent months, and it has been particularly affected south of the country.

Benetton and Johnson Electric closed the factories first, laying off a total of 1.250 workers. Then he left Centaur from Vranje and left more than 250 workers out of work, and 50 workers each were fired by Trendtekst in Bela Palanka and Vranje Solpro.

By the end of the year, the Leonija plant in Malošišt should also be closed, and that company informed the public on July 3 that the plant will be completely closed. Previously, at the beginning of September, the first 400 workers were fired, and now it is known that the plant will be shut down by the end of the year and that 1.900 workers will be out of a job.

Ranka Savić from the Association of Free and Independent Trade Unions (ASNS) recently told N1 that this year alone, around 5.000 people in the south of Serbia lost their jobs and warned that the wave of layoffs and closures just started.

Some employers, such as Centaur, cited the increase in the minimum wage as one of the reasons for leaving.

Serbian President Aleksandar Vučić himself attributed the departure of foreign investors to the increase in wages.

Commenting on the wave of layoffs in the south of Serbia, in companies such as Benetton, Geox, and partly Leoni, Vučić justified it by the “significant increase in wages”, which deters industries that invested in labor-intensive activities.

The minimum wage in Serbia increased extraordinarily in October and now amounts to 500 euros, i.e. 58.630 dinars, and the new increase will arrive in January, when the minimum wage will be 550 euros.

The average salary in Serbia in September of this year, which is the latest available data, was 109.147 dinars, while the median net salary in the same period was 85.267 dinars, which means that 50 percent of employees earned up to the specified amount.

n the last few months, several foreign companies in the south of Serbia have closed their plants. The President of Serbia, Aleksandar Vučić, explains this by “significant increase in wages”.

The wave of dismissals has shaken Serbia in recent months, and it has been particularly affected south of the country.

Benetton and Johnson Electric closed the factories first, laying off a total of 1.250 workers. Then he left Centaur from Vranje and left more than 250 workers out of work, and 50 workers each were fired by Trendtekst in Bela Palanka and Vranje Solpro.

By the end of the year, the Leonija plant in Malošišt should also be closed, and that company informed the public on July 3 that the plant will be completely closed. Previously, at the beginning of September, the first 400 workers were fired, and now it is known that the plant will be shut down by the end of the year and that 1.900 workers will be out of a job.

Ranka Savić from the Association of Free and Independent Trade Unions (ASNS) recently told N1 that this year alone, around 5.000 people in the south of Serbia lost their jobs and warned that the wave of layoffs and closures just started.

Some employers, such as Centaur, cited the increase in the minimum wage as one of the reasons for leaving.

Serbian President Aleksandar Vučić himself attributed the departure of foreign investors to the increase in wages.

Commenting on the wave of layoffs in the south of Serbia, in companies such as Benetton, Geox, and partly Leoni, Vučić justified it by the “significant increase in wages”, which deters industries that invested in labor-intensive activities.

The minimum wage in Serbia increased extraordinarily in October and now amounts to 500 euros, i.e. 58.630 dinars, and the new increase will arrive in January, when the minimum wage will be 550 euros.

The average salary in Serbia in September of this year, which is the latest available data, was 109.147 dinars, while the median net salary in the same period was 85.267 dinars, which means that 50 percent of employees earned up to the specified amount.

n the last few months, several foreign companies in the south of Serbia have closed their plants. The President of Serbia, Aleksandar Vučić, explains this by “significant increase in wages”.

The wave of dismissals has shaken Serbia in recent months, and it has been particularly affected south of the country.

Benetton and Johnson Electric closed the factories first, laying off a total of 1.250 workers. Then he left Centaur from Vranje and left more than 250 workers out of work, and 50 workers each were fired by Trendtekst in Bela Palanka and Vranje Solpro.

By the end of the year, the Leonija plant in Malošišt should also be closed, and that company informed the public on July 3 that the plant will be completely closed. Previously, at the beginning of September, the first 400 workers were fired, and now it is known that the plant will be shut down by the end of the year and that 1.900 workers will be out of a job.

Ranka Savić from the Association of Free and Independent Trade Unions (ASNS) recently told N1 that this year alone, around 5.000 people in the south of Serbia lost their jobs and warned that the wave of layoffs and closures just started.

Some employers, such as Centaur, cited the increase in the minimum wage as one of the reasons for leaving.

Serbian President Aleksandar Vučić himself attributed the departure of foreign investors to the increase in wages.

Commenting on the wave of layoffs in the south of Serbia, in companies such as Benetton, Geox, and partly Leoni, Vučić justified it by the “significant increase in wages”, which deters industries that invested in labor-intensive activities.

The minimum wage in Serbia increased extraordinarily in October and now amounts to 500 euros, i.e. 58.630 dinars, and the new increase will arrive in January, when the minimum wage will be 550 euros.

The average salary in Serbia in September of this year, which is the latest available data, was 109.147 dinars, while the median net salary in the same period was 85.267 dinars, which means that 50 percent of employees earned up to the specified amount.

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