Type
Internal restructuring
Country
Croatia
Region
Location of affected unit(s)
NA
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.20 - Freight rail transport

804 jobs
Number of planned job losses
Job loss
Announcement Date
4 February 2014
Employment effect (start)
1 March 2014
Foreseen end date
1 September 2014

Description

A new collective bargaining agreement between unions and management at HZ Cargo, the Croatian national rail freight company, foresees the redundancy of 804 workers in the first nine months of 2014. The agreement envisages cuts in the company’s wage bill of 25% and includes cancellation of holiday bonuses in 2014. The reductions in labour costs and the dismissal of a significant number of workers were preceded by two months of negotiations. The Croatian Union of Locomotive Engineers, together with the Union of Technical Inspection of wagons and trains were party to the agreement but the Croatian Union of Railwaymen did not sign. 


Sources

  • 5 February 2014: Vecernji List

Citation

Eurofound (2014), HZ Cargo, Internal restructuring in Croatia, factsheet number 76559, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76559.