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Zastava Arms Employees Without July Advance Payment Amidst Financial Woes
๐Ÿ‡ท๐Ÿ‡ธ Serbia /Economy & Trade

Zastava Arms Employees Without July Advance Payment Amidst Financial Woes

From N1 Serbia · () Serbian

Translated from Serbian, summarized and contextualized by DistantNews.

At a glance

News Named sources Ongoing story
  • Employees at the Zastava Arms factory in Serbia have not received their advance payment for July, following a 25% reduction in their June payment.
  • The union reports that the factory has provided no official explanation for the lack of payment, causing significant concern among workers.
  • Union representatives plan to address the issue with factory management, citing an eight-month export ban as a contributing factor to the company's difficult situation.

Workers at the Zastava Arms factory in Kragujevac, Serbia, are facing financial uncertainty after failing to receive their advance payment for July. This follows a previous reduction of 25% in their June advance, leaving employees deeply worried about their financial stability.

We went on vacation with the fear that this would happen.

โ€” Aleksandar Tadiฤ‡Describing the workers' anxiety leading up to the missed July payment.

According to N1's reporter, the factory has remained silent, offering no official statements or explanations regarding the current situation. Union representatives confirmed the severity of the issue, stating that workers went on their collective annual leave with fears that this scenario might unfold. The union has convened an emergency meeting to decide on future actions.

When asked why there was no money, the general director said that he would solve the problem within 10 days.

โ€” Aleksandar Tadiฤ‡Relaying the factory director's response to the payment issue.

Aleksandar Tadiฤ‡, president of the Zastava Arms union, told N1 that the factory's general director acknowledged the problem, stating that conditions were not met and money had not been found for the payment, but promised a resolution within 10 days. Tadiฤ‡ expressed skepticism about this timeline and indicated that the union would take immediate action starting Monday.

The export ban of almost eight months has put us in an even more difficult situation.

โ€” Aleksandar Tadiฤ‡Identifying the export ban as a major cause of the factory's financial problems.

The union also pointed to an almost eight-month export ban as a significant factor contributing to the factory's precarious financial state. Tadiฤ‡ hopes that new contracts will be secured to help the company recover and stated that accountability would be sought for those responsible for the current situation, potentially leading to dismissals. He dismissed speculation that the payment issues were related to political quotas, emphasizing that the factory primarily finances itself through its own means, contracts, and sales.

We will seek accountability, some dismissals, which we believe have led to this situation.

โ€” Aleksandar Tadiฤ‡Indicating the union's intention to hold management responsible.
DistantNews Editorial

Originally published by N1 Serbia in Serbian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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