ADVERTISEMENT

Slovenian car battery maker TAB plans layoffs

Analysis

Photo by BELL KA PANG / Shutterstock.com

Slovenian car battery manufacturer Tovarna Akumulatorskih Baterij (TAB) plans to lay off 23 workers as part of measures to fight the impact of the coronavirus pandemic, which has resulted in a large drop of orders, regional portal SeeNews reports. 

Photo by BELL KA PANG / Shutterstock.com

As a result of the crisis, TAB’s production has dropped sharply and the future of the company’s operations is uncertain, state news agency STA reported, quoting the company.

In July 2019, local media reported that TAB had decided to stop looking for a strategic partner and to continue its operations as an independent entity.

The Mezica-based company comprises aftermarket automotive battery manufacturing facilities in Slovenia and North Macedonia, an automotive aftermarket battery distribution network throughout Europe, as well as a global industrial battery business and an energy storage business, SeeNews says.

ADVERTISEMENT

Manufacturing Purchasing Managers' Index rises Analysis

Manufacturing Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.