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DUGA RESA COTTON INDUSTRY DISMISSES 400 WORKERS

DUGA RESA' Aug 7 (Hina) - "Cotton Industry" textile industry, the biggest company in Karlovac, 70 kilometres south west of Zagreb, dismissed more than 400 workers. During their vacations, on Tuesday and Wednesday, the workers are receiving by mail resolutions for their vacations for the year 1996 and the decision on their dismissal, signed by the companies director Antun Grguric.
DUGA RESA' Aug 7 (Hina) - "Cotton Industry" textile industry, the biggest company in Karlovac, 70 kilometres south west of Zagreb, dismissed more than 400 workers. During their vacations, on Tuesday and Wednesday, the workers are receiving by mail resolutions for their vacations for the year 1996 and the decision on their dismissal, signed by the companies director Antun Grguric. #L# The reason for the decision that was given is that for business reasons, there was no more need for the employee's work, in line with the "programme of employing redundant employees". The dismissed workers have the right to 85% of their salaries in the three-month dismissal period. Before the war, in 1990, 4,300 workers were employed in the cotton industry and 1,913 workers were dismissed in the biggest case of bankruptcy in Croatia on August 15 1990. (hina) lm mm 071627 MET aug 96

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