BUSINESS BRIEFS

Biotika plans mass layoffs

DRUG manufacturer Biotika Slovenská Ľupča is preparing for significant layoffs, with the firm's labour union boss confirming that about 200 people may lose their jobs.

Biotika's general director Jozef Krištofčák said that the unpopular measures were still at the preparation stage, but he later confirmed that workers would be gradually laid off until the end of this year.

The firm's management says that increased energy prices and the weakening US currency against the Slovak crown has made the preservation of the current labour force difficult to sustain.

Biotika has 1,000 employees, and exports about 86 percent of its production.

Get daily Slovak news directly to your inbox

Top stories

News digest: Security Council will meet to discuss nationwide testing

Overview of news from Monday, October 19, 2020.

PM Igor Matovič announcing some details about nationwide testing on October 18.

PM wants to test everyone, Kotleba already positive in neo-Nazism

Nationwide testing is less utopian than the blackout but it is driven by the same ambition.

PM Igor Matovič shows the antigen testing kit that should be used in the nationwide testing project in Slovakia.

Matovič keeps falling. The effect of the dispute with its coalition partner is hard to guess

The senior coalition party was defeated by ex-PM Pellegrini’s movement, the Focus poll shows.

PM Igor Matovič

UPDATED: Nationwide testing will be secured by the army

Foreigners living in Slovakia will be able to get tested too.

Illustrative stock photo