ZAGREB, April 28 (Hina) - At a meeting at the Privredna Bank Zagreb (PBZ), all conditions have been met to ensure the implementation of the "process of restructuring Tisak, as agreed on Friday, April 23, under the coordination of the
Croatian Government," the press distribution company's management board said on Wednesday. Participants of the meeting reached a final agreement on the amount and dynamics of payment of business funds and the issuing of a guarantee to the Rovinj tobacco company for cigarettes. Thanks to the agreements, Tisak's employees were paid their salaries on Wednesday, and the distribution of tobacco products to Tisak's news-stands will begin on Thursday, marking the beginning of the restructuring process, the management said in a statement. Tisak's union threatened on Wednesday morning to resume striking if the rehabilitation programme does not start by April 29 at 18:00 hours. The programme in
ZAGREB, April 28 (Hina) - At a meeting at the Privredna Bank Zagreb
(PBZ), all conditions have been met to ensure the implementation of
the "process of restructuring Tisak, as agreed on Friday, April 23,
under the coordination of the Croatian Government," the press
distribution company's management board said on Wednesday.
Participants of the meeting reached a final agreement on the amount
and dynamics of payment of business funds and the issuing of a
guarantee to the Rovinj tobacco company for cigarettes.
Thanks to the agreements, Tisak's employees were paid their
salaries on Wednesday, and the distribution of tobacco products to
Tisak's news-stands will begin on Thursday, marking the beginning
of the restructuring process, the management said in a statement.
Tisak's union threatened on Wednesday morning to resume striking if
the rehabilitation programme does not start by April 29 at 18:00
hours.
The programme includes the investment of the minimum of business
funds, the payment of salaries, the purchase of cigarettes and
unblocking Tisak's account.
(hina) lml