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Another Company into Receivership, Some 400 to Lose Jobs

Stra┼ża, 27 May - Furnishing company Novoles will go into receivership after its management has failed to find a strategic partner. Novoles had been in trouble for a while, launching debt restructuring in March. According to the plan that was presented to 510 Novoles workers on Friday, only some 120 will keep their jobs.

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