industrial activity

Industrial Sector in Serbia Faces Structural Transition Amid Job Cuts

The industrial landscape in Serbia is currently experiencing significant changes, influenced by both external market pressures and internal restructuring efforts. Recent developments in the labor market suggest a shift from broad growth to a more selective approach focused on productivity. A notable indicator of this transition is the increase in layoffs across specific manufacturing sectors. Reports reveal that around 11,500 workers have lost their jobs, particularly within industries tied to recycling, basic manufacturing, and lower-value-added production. This trend marks a…