Geox finally announces: Bankruptcy and DISMISSAL for 1,200 workers
The company Geox in Vranje informed the workers that a decision had been made to initiate the procedure of liquidation and closure of the company, as announced by Vranje-based Vranjski onlajn magazin (VOM).
Along with the explanations about the continuous decline in production, which was additionally reduced during the pandemic period, it is also stated that the workers’ employment is terminated, and that they will be individually provided with a decision on termination of employment.
This announcement is the first official address to the employees of the company in Vranje.
After two months of speculation and confirmation from the state leadership, the Italian factory is definitely leaving Vranje, while the employees will be able to exercise the right to compensation through the National Employment Service, according to VOM.
President of Serbia, Aleksandar Vucic, as a guest last night in the RTS news show Dnevnik, announced the arrival of a new investor in Vranje, adding that 80 percent of Geox’s workers who lost their jobs would get a new job.