Croatian construction firm IGH to lay off 64 employees.

By bne IntelliNews June 8, 2011
Croatian construction firm IGH will lay off 64 employees, the company said in a filing to the Zagreb Stock Exchange. The reason for the staff reduction is the drastic decline in investments in the country and the region. According to Banka, the company currently has a payroll of 910 against 1,027 in early 2010. IGH posted a consolidated net profit of HRK 8.3mn in 2010. In April 2010, IGH signed a EUR 43mn deal to design a 32km stretch of the 168km Morine-Merdare motorway in Kosovo.

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