Croatia's Agrokor staff down by 2,300 in Apr-Dec - report

Croatia's Agrokor staff down by 2,300 in Apr-Dec - report Author: Agrokor. License: All rights reserved.

ZAGREB (Croatia), March 2 (SeeNews) - The financial troubles facing Croatian concern Agrokor prompted 2,300 of its 58,300 employees to leave from April, when an extraordinary administration was instated at the company, until the end of the year, local media reported on Friday.

It has been speculated that the former receiver of Agrokor, Ante Ramljak, fired a large number of employees, without mentioning the layoffs in the concern's monthly reports, news daily Vecernji List reported.

According to information obtained by the daily from Agrokor, the majority of layoffs occurred in Agrokor d.d., where the task force was halved in line with the restructuring procedure.

However, several of Agrokor's units, including soft drinks and water bottling company Jamnica [ZSE:JMNC], food producer Ledo [ZSE:LEDO] and retail chain Konzum, are searching for new employees.

Ramljak quit from his position as receiver last month after it emerged that he had hired his former employer, Texo Management consultancy, to advise on the process of Agrokor restructuring. It was also made public that at the time when Agrokor and Texo Management signed the consultancy services contract, Ramljak was still formally employed by Texo.

On Wednesday, the commercial court in Zagreb appointed Fabris Perusko as new receiver and Irena Weber as his deputy.

5 / 5 free articles left this month
Get more for free. Sign up for Basic subscription
Get full access. Upgrade to Premium subscription