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DELAYING BANKRUPTCY PROCEEDINGS WAS DAMAGING FOR NAMA, DIOKOM - LINIC

ZAGREB, June 14 (Hina) - In line with decisions made by commercial courts in Zagreb and Split, bankruptcy proceedings have been initiated in 'Nama' and 'Diokom' companies and everything is in the hands of those courts now, Deputy Prime Minister Slavko Linic said during question time at the House of Representatives on Wednesday. Before the beginning of today's parliament session, members of the Croatian Association of Trade Unions (HUS) in Nama and Diokom distributed leaflets to MPs asking that politically motivated bankruptcy proceedings be stopped and that their companies be granted rehabilitation programmes. The unions of Nama and Diokom workers requested MPs to support economically justified rehabilitation programmes instead of politically motivated government decisions on bankruptcy proceedings. Rehabilitation programmes, HUS officials said, offer integral solutions to the problem, and secure wor
ZAGREB, June 14 (Hina) - In line with decisions made by commercial courts in Zagreb and Split, bankruptcy proceedings have been initiated in 'Nama' and 'Diokom' companies and everything is in the hands of those courts now, Deputy Prime Minister Slavko Linic said during question time at the House of Representatives on Wednesday. Before the beginning of today's parliament session, members of the Croatian Association of Trade Unions (HUS) in Nama and Diokom distributed leaflets to MPs asking that politically motivated bankruptcy proceedings be stopped and that their companies be granted rehabilitation programmes. The unions of Nama and Diokom workers requested MPs to support economically justified rehabilitation programmes instead of politically motivated government decisions on bankruptcy proceedings. Rehabilitation programmes, HUS officials said, offer integral solutions to the problem, and secure work for a part of Nama and Diokom employees, while providing the others with severance pays. Dubravka Suica of the Croatian Democratic Union (HDZ) asked what the government intended to do in regard to that problem. Linic said that in case of Nama and Diokom many persons responsible for the bad situation in the two companies had caused numerous misunderstandings. We tried to reach an agreement with the creditors, but many of them did not accept the offered solutions, Linic said, adding the stalling of bankruptcy proceedings, which lasted several months, caused damage to the two companies and their employees. The Croatian Privatisation Fund (HFP) and other state institutions will be very active in the bankruptcy proceedings and reorganisation of the two companies so that their basic activity could be preserved and the jobs of as many employees as possible saved, Linic said. The government did not sign any agreements with the unions or the companies' managements, he added. Economy Minister Goranko Fizulic said the alleged agreement, which HUS members this morning distributed to MPs together with their leaflets, represented only the minutes from his meeting with HUS representatives in early May. At that meeting, it was suggested that the debt of 'Robot' company toward Diokom be used for the payment of workers' wages. However, after 'Robot' paid the debt, the money was used for the payment of managers' salaries. After that, all further negotiations were meaningless, Fizulic said. (hina) jn rml

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