"Igma" from Uljma turned off one furnace - 50 excess workers

Industry of building materials "Igma" from Uljma has turned off one furnace, that is, half of its production capacities. Following the expiration of validity of the temporary employment contracts, 50 workers will be returned to the labor market. Ljubodrag Knežević, the CEO of "Igma", says that it is a question of day when the production will be completely discontinued and that the other manufacturers of building materials will have the same destiny.

- This year we produced twice as much building material as planned, but we had to turn off the furnace because the prices dropped by 40%. Classical building block cost 30 RSD on March 1st, while its price today is below 20 RSD. Our monthly incomes are 100,000 EUR smaller than usual, and it is only a question of time when the second furnace will be turned off as well - said Knežević.

The CEO of "Igme" added that the current price of block was not big enough even to cover the production costs, 40% of which were the costs of fuels. The price of electricity has not been increased significantly, but the price of oil is drastically higher.

- There are over 100 manufacturers of building materials in Serbia and they employ more than 10,000 people. The state, investors, manufacturers of building materials and potential buyers must unite their efforts in order to save these jobs. If everyone gives up certain share of the profit and stimulates realization of building projects in Serbia, the things can get better - said Knežević.

Igma a.d. Uljma

Uljma

Ljubodrag Knežević

building block