Israeli Offer for Aluminij Rejected  | Beta Briefing

Israeli Offer for Aluminij Rejected 

Source: Beta/Nezavisne novine
Archive / SEE Business | 18.12.19 | access_time 09:27

Aluminij Mostar

At a meeting of the board of supervisors of the Mostar Aluminij held on Dec. 16 a new offer by the Abraham Group was refused which has the last hope of workers that they will not be sacked at the end of the year, Nezavisne Novine has reported. 

As the workers who had gathered in front of the factory were told after the meeting, Abraham Group’s offer was not accepted due to legal issues on method for renting the foundry which was the main part of the new offer. According to media reports, the new offer included the long-term rental of the foundry while the investor would seek to service the company’s debt in the coming period. 

The FEAL company from Siroki Brijeg is interested in the foundry. Aluminij d.d. Mostar’s electricity was shut off on July 10 over a KM400m debt while the company lost around 500 workers. Formerly the richest Herzegovina company employs 350 workers today.

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