Retail chain Studenac, which entered pre-bankruptcy proceedings at the end of September, will close 79 stores as part of its business restructuring, Slobodna Dalmacija reports. This is fewer than the number initially announced, as the initial plan envisaged the closure of 104 branches.
The final decision thus reduced the number of branches scheduled for closure by 25 compared to the initial plan. In addition to closing part of the sales network, the restructuring includes a reduction in the number of employees.
The pre-bankruptcy proceedings were initiated at the end of September, and the announcement of store closures and job cuts is part of the measures aimed at adapting the company's business. The final decision on the number of stores to be closed was made after the initial plan, which had envisaged the closure of 104 branches.
