Protest held against privatisation of Koncar Electrical Industry

Some 300 members of the Croatian Metal Workers' Union gathered outside the government headquarters in Zagreb on Tuesday for a protest against "privatising Koncar at any cost."

The union's leader, Vedran Dragicevic, told reporters that this was the second protest rally against the government's decision to take the company off the list of companies of strategic interest for the state, which he said paved the way to its privatisation.

"We believe that this is the worst move at the moment... we will kill a cow for the sake of HRK 320 million that is not a guarantee that the country's credit rating will improve," said Dragicevic.

The protesters want Koncar Electrical Industry to be put back on the list of companies of special importance for the state, and the call for the expression of interest and submission of binding bids for the purchase of its shares, owned by the state and the Croatian Pension Insurance Institute, to be annulled.

The unionists, said Dragicevic, are not against the company's privatisation but against conducting it at any cost.

They want an in-depth analysis after which possibilities and models of selling state-owned shares would be considered, said the union leader.

Last update: Tue, 31/05/2016 - 13:59

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