EMCC European Monitoring Centre on Change

Zvecevo

Company/Organisation:
Zvecevo

Geographic Location

Country: Croatia
Region: Požeško-slavonska županija; Kontinentalna Hrvatska; Hrvatska
Location of affected unit(s): Slavonska Pozega

Company

Sector: Manufacturing
Manufacture of food products, beverages and tobacco products
10.82 - Manufacture of cocoa, chocolate and sugar confectionery
Group: Zvecevo

Employment Effects

Announcement Date: 14-05-2017
Planned Job Reductions min: 100
Planned Job Reductions max: 100
Type of Restructuring: Internal restructuring
Direct Dismissals: 100

Additional Information

Zvecevo, a well-known chocolate producer, will lay-off around 100 workers in the near future due to due to organisational and financial difficulties. The company’s accounts are in red and it cannot get the ingredients necessary for production. The company has not been able to pay the employees their due salaries and its future is uncertain at the moment. Zvecevo's products are distributed to markets in North America, Australia, New Zealand, Austria, Germany, Hungary, and Switzerland. Zvecevo has long had a strong market presence both in the Croatian market and in the neighbouring countries’ markets. The factory in Pozega, where the job cuts will be made, has made the town well-known on account of the chocolate.