Slovenia's Impol to take over TLM factory Thursday, 200 workers back to work

At a bankruptcy hearing and an assembly of creditors on Wednesday in the Sibenik Commercial Court in the bankruptcy proceedings against TLM  light metal factory, creditors verified a leasing contract with the Slovenian Impol company.

The decision today opens the door for Impol to formally take lease of the factory and re-launch operations.

After the hearing, a member of Impol's management board, Jurica Toncic told reporters that production would start on Thursday, once the official handover-takeover was completed.

Working contracts should be signed on Thursday with around 200 workers to start with, Toncic said.

Last update: Wed, 09/03/2016 - 20:17

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