WORKERS OF AGROKOR CONCERN GAIN RIGHT TO PARTICIPATE IN PROFIT

ZAGREB, Oct 19 (Hina) - Croatia's 'Agrokor' concern and trade unions of the food processing industry on Thursday signed a collective agreement by which workers gained the right to participate in Agrokor's profit. Workers will realise the right after Agrokor's assembly of stock holders pass a decision, in a form of one-off payment, Agrokor management board president Ivica Todoric said. He believes that workers would most probably not be able to consume the right in the next two-year period. Todoric added conditions for its implementation should be created in that period. The trade unions recognised Agrokor's seriousness and business ambition, Todoric said, adding the concern had so far invested and reinvested over DM400 million in its companies. President of the trade union of agriculture, food processing and tobacco industry Josip Pavic said only a standard part of the collective agreement had been concluded, while a tariff part (the one setting the price of work), would be established after negotiations in each company individually. President of the Trade Union Ana Knezevic said the collective agreement should set an example to other joint stock companies. (hina) it jn