Serbia: accord with Johnson Electric for 2,400 new jobs

23 July, 17:16

    (ANSAmed) - NIS, 23 JULY - Serbian government officials and Johnson Electric top managers signed on Thursday in Nis (Southern Serbia), where this company has a factory, a memorandum of understanding envisaging new investment and job creation. The signing of the memorandum, which stipulates investing 50 million euros into a new production plant and hiring additional 2,400 people.

    The expansion of the existing capacities should be completed in the next five years, according to plans. The company currently hires 365 people, the number of employees by 2020 is planned to stand at 2,765. Johnson Electric manufactures engines, coils, switches, flex circuits and microelectronics.

    The company signed the first contract with the Serbian government in late 2013. Johnson Electric is a global company based in Hong Kong. It employs over 30,000 people in over 30 countries across the world. (ANSAmed).

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