ZAGREB, July 19 (Hina) - The solution for the store chain Nama d.d., offered by the Economy Ministry, which suggests that Nama be reorganised into three to four companies, is not acceptable, union representatives said at a meeting in
Zagreb. The meeting was attended by the Federation of Independent Trade Unions of Croatia, Croatian Alliance of Unions, Croatian Trade Union and two unions of Nama employees. Union members also dismissed the suggestion that claims of the Privredna Banka Zagreb be transformed into ownership over one or two newly-established companies. They judged bankruptcy proceedings also unacceptable because, they said, the same principle should be applied to 90 per cent of companies in Croatia, which are being assisted and financially reorganised by the Government. Instead of this, the unions suggested the exchange of Privatisation and Investment Funds' shares
ZAGREB, July 19 (Hina) - The solution for the store chain Nama d.d.,
offered by the Economy Ministry, which suggests that Nama be
reorganised into three to four companies, is not acceptable, union
representatives said at a meeting in Zagreb.
The meeting was attended by the Federation of Independent Trade
Unions of Croatia, Croatian Alliance of Unions, Croatian Trade
Union and two unions of Nama employees.
Union members also dismissed the suggestion that claims of the
Privredna Banka Zagreb be transformed into ownership over one or
two newly-established companies. They judged bankruptcy
proceedings also unacceptable because, they said, the same
principle should be applied to 90 per cent of companies in Croatia,
which are being assisted and financially reorganised by the
Government.
Instead of this, the unions suggested the exchange of Privatisation
and Investment Funds' shares in 'Nama', so that the Croatian Fund
for Privatisation could become the company's majority owner. Once
that is done, the company would be financially reorganised and the
collection of claims of the Privredna Banka would be postponed or
the claims would be written off.
The unions also suggested that profit centres be established in a
single company, and that the Economy Ministry agree on supply
services with the largest suppliers.
The unions also believe the Government should take over the care for
surplus labour and provide funds for salaries of up to 2,000 kuna
until conditions for their regular payment have been met.
The unions called on the Economy Ministry to meet in two weeks to
harmonise the suggestions.
(hina) rml