Iskra Avtoelektrika Struggling with Crisis, New CEO Determined

Šempeter pri Gorici, 2 September - Igor Mihajlovic, who took over as the CEO of Iskra Avtoelektrika this week, told the press on Wednesday that the troubled car electronics manufacturer does not plan additional layoffs. Hit by a 40% drop in orders, Iskra Avtoelektrika has had to shed a third of its workforce this year.