[L-I] The sell-out has already started

Johannes Schneider Johannes.Schneider at SPAMgmx.net
Thu Oct 12 09:36:04 MDT 2000

>From the B92 website

Peugeot in deal with Zastava
13:17 BELGRADE, Thursday - Zastava, the Kragujevac car factory which brought
us the world-famous Yugo, is to sign a partnership agreement with French
automobile manufacturer Peugeot, daily Glas javnosti writes today, quoting
sources within the Democratic Opposition of Serbia.

According to these sources, in the fist year of joint production, about
4,500 workers will be employed at salaries of approximately 800
Deutschmarks, to produce the Peugeot 206.

Senior management at Zastava today say they know nothing about negotiations
with a foreign partner.

The former director of the foreign trading company Genex, Milorad Savicevic,
was put in charge of a crisis management for Zastava this week.

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