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The Collapse of the Serbian Giant: Sale of Assets and Layoffs for a Third of Workers
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The former leader in furniture production in Serbia and beyond, Vranje-based “Simpo”, is going through the most difficult period since its founding. The company, which for decades was synonymous with quality, is now rapidly selling off real estate in order to service its debts, while financial reports show an alarming situation. Sale of the company's symbol in Belgrade The sale of the iconic office space on Bulevar kralja Aleksandra in Belgrade …
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