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

More from Business

Volkswagen files recall plan for 3-litre cars in emissions case

Volkswagen on Monday met a deadline for submitting a revised recall plan for 3-litre engine diesel cars caught up in...

Croatian inventors win 11 medals at London show

Six Croatian inventors and entrepreneurs won 11 medals at the British Invention Show (BIS), with Tomislav Bronzin of...

AT&T tops Bayer: the five biggest mega deals of 2016

With AT&T's offer worth over 100 billion dollars for media giant Time Warner, the US telecom firm has surpassed...

AT&T to buy Time Warner in 85.4-billion-dollar deal

Telecommunications giant AT&T on Saturday said it would buy entertainment group Time Warner in a deal worth 85.4...

AT&T agrees to buy Time Warner, reports say

Telecommunications giant AT&T has agreed to buy media conglomerate Time Warner in a deal worth 80 billion...