Saturday, 30th August 2025

Benetton Closes Niš Factory

Economic Downturn Forces Closure of Serbian Plant as City Pledges Support for Displaced Workers

In a blow to the local economy, Benetton has confirmed the closure of its only Serbian factory in Niš, leaving over 900 workers facing redundancy.

The decision, prompted by a global crisis within the Benetton group, follows a significant decline in orders, reducing production to nearly zero in recent months.

The closure will take place within the next two months, with workers set to be officially declared redundant.

Niš’s mayor, Dragoslav Pavlović, assured the community that the city would collaborate with national agencies to offer support, including reemployment opportunities at other companies, as demand for labor in Niš remains high.

The mayor also revealed plans for a new job training program and self-employment initiatives for those seeking alternative career paths.

However, local politicians are calling for urgent intervention, suggesting that the Niš plant could be bought and maintained by the state to safeguard jobs.

The closure of Benetton’s Niš factory adds to mounting concerns over job losses in the region, particularly in other major companies like Jura and Niš Express.

Have a news tip or story to share? Email us at info@connectingregion.com

Bosnian Arms Maker Reports Profit Surge

Bosnia’s defense industry is quietly strengthening. BNT TMIH, a state-owned arms manufacturer, announced a 71% rise in net profit...

Serbia Bets on AI to Transform Tourism Industry

Serbia’s Chamber of Commerce has opened applications for a landmark programme designed to drive artificial intelligence into the heart...

Končar Taps Hyundai Partnership to Power Asian Market Expansion

Croatia’s Končar – Motors and Electrical Systems has struck a major deal with South Korea’s HD Hyundai Electric, marking...

Serbia’s Digital Boom: IT Service Exports Hit €2.21bn in Just Six Months

Serbia’s IT sector is on a sharp upward trajectory, with exports of information and communication technology (ICT) services reaching...

Green Giant Docks in Koper: BYD Shenzhen Ushers in a New Era of Car Shipping

The Port of Koper welcomed a futuristic visitor last week — BYD Shenzhen, one of the world’s largest and most...
spot_img

Connecting the Adria Region Decision Makers

The Region is more than a publication - it's where the region's elite converge for insights and opportunities