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BANKRUPTCY PROCEDURE OPENED IN RIJEKA'S SHIPYARD, STRIKE ON HOLD

RIJEKA'S SHIPYARD, STRIKE ON HOLD RIJEKA, Dec 8 (Hina) - The Commercial Court in Rijeka on Monday ruled that bankruptcy proceedings be opened in the Viktor Lenac shipyard and Rijeka attorney Milenko Skrlec be appointed official receiver. The initial hearing is scheduled for February 18, 2004.
RIJEKA, Dec 8 (Hina) - The Commercial Court in Rijeka on Monday ruled that bankruptcy proceedings be opened in the Viktor Lenac shipyard and Rijeka attorney Milenko Skrlec be appointed official receiver. The initial hearing is scheduled for February 18, 2004. #L# The Viktor Lenac strike committee decided that the strike, which started today, be put on hold if the workers receive overdue salaries. On November 27, the government decided to re-allocate EUR1.8 million, earmarked for investments in the shipyard, for the payment of overdue salaries. The decision has not yet been carried out. (hina) it sb

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