Assets of Krusevac-based IMK 14. oktobar for sale - Value estimated at RSD 4.6 million

(Photo: 14-oktobar.co.rs)

In order to participate in the auction for IMK's assets, it is necessary to pay a deposit of RSD 923.4 million.

Over 1,500 former workers of IMK 14. oktobar claim 24 to 26 late salaries. This company, which is majority owned by the state, had been under state protection until May 2015 and then initiated pre-bankruptcy proceedings in July 2015.

IMK 14. oktobar is in bankruptcy since January, and the decision on bankruptcy has been made recently. About 690 workers left the factory in late 2014 through a social program, while another 750 people followed their lead in mid-2015, after which only about 30 employees stayed in the factory. At the moment, approximately 160 people work at the company on contract.