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T7 cotton factory takes lease on factory of MTC Cakovec stocking manufacturer

ZAGREB, April 6 (Hina) - The Varazdin-based T7 Group reported that its T7 Industrija Pamuka cotton factory on Friday signed a contract with the Cakovec-based stocking factory MTC on a one-year lease on the MTZ plant in that northern city.

Industrija Pamuka will restart production in the plant of the ailing MTC Cakovec which has filed for bankruptcy, according to a statement issued by the T7 Group.

This means that about a hundred workers in Cakovec will continue working in the plant instead of being registered as jobless with the employment bureau.

The MTC Cakovec stocking manufacturer filed for bankruptcy early this year after which all of its 230 workers were laid off.

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