ZAGREB, Apr 15 (Hina) - Some 200 employees of Croatia's largest press distributor, "Tisak", on Thursday gathered in front of the government building in Zagreb protesting the fact that not one government decision on the financial
rehabilitation of the company has been implemented. The government adopted a programme for the financial rehabilitation of "Tisak" on April 1. According to the programme, the company's shares should be transferred to new owners, a six-bank consortium, which has not been done yet. The representatives of the distributor's employees were received by the Premier's advisor for economy, Nada Mamic, and the president of the Croatian Privatisation Fund (HFP), Stipe Hrkac. Speaking on the employees' behalf, Stjepan Kolaric told reporters after today's talks that the HFP and the bank consortium, which must sign an agreement on the transfer of "Tisak's" shares, should decide on thei
ZAGREB, Apr 15 (Hina) - Some 200 employees of Croatia's largest
press distributor, "Tisak", on Thursday gathered in front of the
government building in Zagreb protesting the fact that not one
government decision on the financial rehabilitation of the company
has been implemented.
The government adopted a programme for the financial
rehabilitation of "Tisak" on April 1. According to the programme,
the company's shares should be transferred to new owners, a six-
bank consortium, which has not been done yet.
The representatives of the distributor's employees were received
by the Premier's advisor for economy, Nada Mamic, and the president
of the Croatian Privatisation Fund (HFP), Stipe Hrkac.
Speaking on the employees' behalf, Stjepan Kolaric told reporters
after today's talks that the HFP and the bank consortium, which must
sign an agreement on the transfer of "Tisak's" shares, should
decide on their obligations by Wednesday, April 21.
According to employees' representatives, the bank consortium
should by that date also pay "Tisak" US$5 million of minimum current
assets. The money would also be used to pay the company's employees,
who have not received salaries since January.
Unless the deadlines are complied with, the company's employees
will stage a general strike on April 22.
The employees were today also briefly addressed by Economy Minister
Nenad Porges. "This is neither the first nor the last government
decision facing obstacles in its implementation, but the
government will certainly be more than stubborn in implementing its
decisions," Porges said.
By plunging into financial troubles and failing to pay for sold
press, "Tisak" has brought into question the future publication of
numerous Croatian dailies and weeklies.
(hina) ha jn