Italian VALY to close Valjevo plant, 737 jobs lost, consolidating in Loznica

VALY d.o.o., an Italian-owned manufacturer, confirmed it will halt operations in Valjevo by year-end, laying off 737 employees, and consolidate production in Loznica. The closure marks a significant local economic shift in Serbia, with implications for regional employment and industrial output. The company cited operational restructuring, though specific reasons remain undisclosed.

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