The Croatian Telecom (HT) is continuing its business operations transformation process and will terminate employment contracts for some 220 employees by the end of March, and the average severance pay will be HRK 230,000 (approximately 30,000 euros) per dismissed worker, according to a press release issued by the telecom on Friday.
"In order to ensure sustainable conditions for further growth and development of the company in the coming period, the HT is continuing the transformation of its operations in 2016. In this process, it has been established that there are redundant workers who will be laid off by 31 March for business reasons," the press release says.
The company says it will apply criteria of social sensitiveness and responsibility in providing severance packages to redundant workers.
Therefore, the severance pay will be 20% higher than the severance pay envisaged by collective bargaining, according to the company.