September 16 (SeeNews) - Slovenian blue-chip home appliance maker Gorenje said on Wednesday a pay dispute with workers partially halted production on Tuesday and efforts to resolve it were ongoing.
“Today, some of the workers didn't start work, talks with the social partners are ongoing from this morning,” the company said in a Wednesday filing with the Ljubljana Stock Exchange (LJSE).
“Due to the fact, that in the first months in the autumn the orders have shown a sign of increase, Gorenje is staring to increase also the production,“ the statement said, adding that the company will revert to a 40-hour working week as of October 1 after shortening working hours earlier this year on flagging demand.
Gorenje turned to a net loss of 18 million euro ($26.4 million) in the first half of 2009 from a 8.151 million euro net profit a year earlier.
Shares of Gorenje were trading at an average price of 11.50 euro ($16.9) by 0846 GMT on Wednesday, up from 11.20 euro at their close a day earlier.
($ = 0.6802 euro)
Gorenje d.d. is among the biggest companies in SEE, for more reference take a look at Top 100 companies