The company states that they have observed a loss in this field of production for many years and that, despite some improvements, the board assessed that in short term it is not possible to overturn the negative trend.

Đuro Đaković published a document stating that, in the purpose of concluding the restructuring process, they have started the process of stopping the production of heavy machinery, as it is deemed to be non-profitable. The company states that they have been observing losses in this field of production for many years and that, despite some improvements, the board assessed that in short term it is not possible to overturn the negative trend.

The company expects that this decision will lead to the termination of loss in this business segment, which will consequently lead to higher margins in operating results.

They also add that stopping the production of heavy machinery will lead to a decrease in the number of employees. However, part of the employees who would be demanded in other segments of the group’s operations will be offered to continue to work in these (other) segments.