ZAGREB, June 7 (Hina) - About 400 employees of the NAMA department store chain on Thursday ended a protest in front of the government building against a decision by the NAMA supervisory board rejecting financial rehabilitation and
suggesting bankruptcy with reorganisation. The employees announced another rally at Zagreb's central square for tomorrow. Prime Minister Ivica Racan confirmed at the beginning of today's government session "bankruptcy with reorganisation is an inevitability for NAMA," and that it would no longer be possible to negotiate financial rehabilitation in the government. Deputy Prime Minister Slavko Linic said the same following a meeting with a delegation of the protesters. NAMA's workers, headed by Mario Ivekovic, head of the Croatian Association of Trade Unions Zagreb office, believe the bankruptcy decision is political, and say a financial rehabilitation programme put forward
ZAGREB, June 7 (Hina) - About 400 employees of the NAMA department
store chain on Thursday ended a protest in front of the government
building against a decision by the NAMA supervisory board rejecting
financial rehabilitation and suggesting bankruptcy with
reorganisation.
The employees announced another rally at Zagreb's central square
for tomorrow.
Prime Minister Ivica Racan confirmed at the beginning of today's
government session "bankruptcy with reorganisation is an
inevitability for NAMA," and that it would no longer be possible to
negotiate financial rehabilitation in the government.
Deputy Prime Minister Slavko Linic said the same following a
meeting with a delegation of the protesters.
NAMA's workers, headed by Mario Ivekovic, head of the Croatian
Association of Trade Unions Zagreb office, believe the bankruptcy
decision is political, and say a financial rehabilitation
programme put forward by NAMA's board of directors is feasible.
(hina) ha mm