Salaries Delayed in Major Shipyard, Unions Prepare for Industrial Action

Total Croatia News

ZAGREB, August 16, 2018 – Union leaders in the Rijeka-based “3. Maj” shipyard on Thursday stated that they had lodged a request for initiating mediation proceedings after a delay in the payment of the wage for July.

According to information provided by the unionists, the monthly pay for 1,320 workers of the dock is usually paid until the 15th day of the month.

The union said today that it would comply by the law for the solution of the problem and conduct the negotiations in good faith.

Describing the current state of affairs in the company, the union complains about the shortage of raw material, equipment and other stuff necessary for smooth production in an orderly manner.

The unionists hold the current management and owners responsible for such developments and accuse them of ignoring the problems.

The union warning ensued after a recent report about poor results of the dock in the first half of 2018. The 3. Maj shipyard recorded a total revenue of 109.5 million kuna in the first half of 2018, a decrease of about 80 percent from the same period in 2017, and a loss of 151 million kuna, its financial statement showed recently

By comparison, in the first half of 2017 the Rijeka-based shipyard reported a loss of 1.7 million kuna.

In the first six months of 2018, operating revenue was 65 million kuna, about 85 percent less than at the same time in 2017 when it reached 445 million kuna. Sales revenue dropped from last year’s 397 million kuna to 64.2 million kuna. Foreign sales amounted to 30.3 million kuna and domestic sales reached 33.9 million kuna.

Expenditure was 230.8 million kuna, compared to 439 million kuna in the first half of 2017.

The company’s assets as at 30 June 2018 totalled 1.27 billion kuna, up by 35.3 million kuna. Short-term liabilities reached 303 million kuna, as against 248 million kuna in the corresponding period last year.


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