ZAGREB, March 1 (Hina) - The implementation of the second,
"restructuring" stage of the Government's stabilisation programme
is to begin with four loss-making companies, the Government decided
at today's session.
The companies in question are the Sibenik-based Light Metals
Factory (TLM) and the Electrodes and Ferroalloys Factory, as well
as the Dalmacija Factory in Dugi Rat and the Tupljak coalmine in
Istria.
The actual restructuring will be entrusted to the Croatian
Electric Utility (HEP) which has a substantial interest in these
companies as they use a lot of power, Prime Minister, Nikica
Valentic, said.
HEP is to earmark 400 million kunas for the restructuring of
these companies. A quarter of these funds will be allotted to
paying benefits to redundant workers.
Premier Valentic announced the impending restructuring of
other big loss-making firms, such as the Sisak Ironworks (which
owes 700 million kunas), the shipbuilding sector (which owes 5
billion kunas), the agriculture (two billion kunas) and companies
based in the occupied areas (two billion kunas).
Deputy Prime Minister, Borislav Skegro, said failure to
implement the restructuring programme would undermine the 16-month
monetary and price stability.
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