Major telecom in Croatia to lay off 220 workers

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.

Last update: Fri, 12/02/2016 - 21:51


Rail workers protest in Zagreb


Monday, December 14, 2015 - 14:45

More from Business

US unemployment rate dips to 9-year low

The US unemployment rate fell in November to 4.6 per cent, a nine-year low, the Bureau of Labour Statistics said...

Chinese firm building full-size Titanic replica for tourists

Construction has begun on the world's first full-size replica of the Titanic in China, a country that fell in love...

Erdogan calls on Turks to sell dollars and buy lira and gold

President Recep Tayyip Erdogan urged Turkish citizens on Friday to sell their dollars and buy gold and lira, as the...

EU agrees to let Germany introduce road toll, staving off legal feud

The European Commission has approved Germany's plan to introduce a road toll on its motorways, top transport...

Danish container shipping giant Maersk Line to buy German rival

Global shipping giant A/S Maersk Line of Denmark on Thursday announced plans to grow its business by buying German...