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VIKTOR LENAC SHIPYARD FILES FOR BANKRUPTCY

ZAGREB/KOSTRENA, Nov 28 (Hina) - The CEO of Rijeka's Viktor Lenac shipyard, Ognjen Antunac, on Friday submitted to the Rijeka Commercial Court a request for initiating bankruptcy proceedings in the company, while workers put on hold a strike which they began on the 24th.
ZAGREB/KOSTRENA, Nov 28 (Hina) - The CEO of Rijeka's Viktor Lenac shipyard, Ognjen Antunac, on Friday submitted to the Rijeka Commercial Court a request for initiating bankruptcy proceedings in the company, while workers put on hold a strike which they began on the 24th. #L# Damir Bacinovic of the Croatian Union of Metal Workers (SMH), who heads the strike committee, said Economy Minister Ljubo Jurcic had given him strong assurances today that workers would receive overdue wages next week, which was why work resumed. The government decided yesterday it would no longer fund the ailing shipyard and suggested the management file for bankruptcy. The amount of US$1.8 million from an investment loan will be used to pay wages for July, August, September, and October. The SMH supports the government's decision, Bacinovic said, adding he hoped the establishment of the Viktor Lenac Undergoing Bankruptcy Proceedings company would enable workers to keep their jobs. (hina) ha

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