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Swiss Shut Down Factory in Serbia: 'We Didn't Take a Single Dinar, but It Just Didn't Work Anymore'
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The Swiss company Albiro has decided to close its factory in Užice, which will result in more than 70 workers, mostly women, losing their jobs by the end of the year. The company bought the former textile company “Kadinjača” five years ago, but despite investments and attempts to survive, the business is shutting down. Liquidation decision As employees were informed in mid-December, the factory will cease operations on December 31, 2025, and liq…
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