Varteks introduces Integral Business & Financial Restructuring plan
20 Jan '10
4 min read
“Certain 'sacrifices' we plan to make through this plan such as the sale of company assets, the shut-down of unprofitable parts of the system, and the like are in accordance with the market circumstances and the economic crisis we are doing business in. Through the implementation of these measures pre-conditions are created to get through this crisis and to lower credit exposure, while we will secure the basis for growth in key business indicators through these development projects as well as profitable business operations in the future”, concluded Košcec.
Varteks is a leading Croatian fashion company with a 90-year old tradition. With its 2,800 employees it is the largest employer in northwestern Croatia.
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