ZAGREB, June 29 (Hina) - The Association of Workers' Unions of Croatia (URSH) on Thursday voiced extreme concern about yesterday's announcement regarding bankruptcy proceedings in as many as 208 companies with 11,462 employees, in
which the state owns more than 25 percent of shares. In a statement issued today, the URSH said this confirmed that the government was not conducting any socially-oriented programme for overcoming the crisis. The association also believes the government is unjustifiably giving up the companies which are faced with problems, applying the cruel model of liberal capitalism from the 19th century. The URSH is especially concerned about the fact that thousands of workers in branches with a low capital earning capacity will lose their jobs and that the new wave of bankruptcies comes at a time when it is obvious that the government does not have the strength to cut public spe
ZAGREB, June 29 (Hina) - The Association of Workers' Unions of
Croatia (URSH) on Thursday voiced extreme concern about
yesterday's announcement regarding bankruptcy proceedings in as
many as 208 companies with 11,462 employees, in which the state owns
more than 25 percent of shares.
In a statement issued today, the URSH said this confirmed that the
government was not conducting any socially-oriented programme for
overcoming the crisis.
The association also believes the government is unjustifiably
giving up the companies which are faced with problems, applying the
cruel model of liberal capitalism from the 19th century.
The URSH is especially concerned about the fact that thousands of
workers in branches with a low capital earning capacity will lose
their jobs and that the new wave of bankruptcies comes at a time when
it is obvious that the government does not have the strength to cut
public spending and implement reforms which it had promised before
the election.
The association believes it is indicative that the bankruptcy wave
and the going into force of the Law on the Rights and Obligations of
Parliamentary Representatives "granting the alleged people's
deputies financial privileges unheard of in countries in
transition" are coinciding. It also assesses that the social
unawareness and exclusiveness can have serious consequences for
the government.
(hina) jn rml