NEWS
     
 

‘’MINEL ELVO’’ SEARCHING FOR CAPITAL REPRESENTATIVE

A DIFFICULT NEW START




Belgrade, February 11 2008
The terminated Purchase and Sales Contract between the Privatization Agency and Dusimir Zabunovic, former majority owner of ‘’Minel Elvo’’, is the beginning of activities that should have, as the ultimate result, the appointing of capital representative by the Shareholders Fund, constituting the Company’s Management and commencement of ‘’Minel Elvo’’ operations. During the action that lasted for 3 months, employees got a considerable support from Trade Union and Mr. Slobodan Lalovic, adviser to Mr. Vojislav Kostunica, Prime Minister, which for trade unions and employees considered as a possible and good solution for appointing capital representative in ‘’Minel Elvo’’ by the Shareholders Fund.


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Business results and developed relations with ‘’Nezavisnost’’ Union qualified the ‘’IMK’’ as successfully privatized companies

‘’IMK’’ SUCCESSFUL – WORKERS SATISFIED




Belgrade, February 11 2008
The ‘’IMK’’ Beograd was also included in the list of successfully privatized companies of the metal industry complex, within the action of MWBU ‘’Nezavisnost’’. This company records a permanent rise of production and increase of employee wages, and it is nice to hear that employees have their meals in a nearby restaurant and that they are served by waiters. Each worker, who needed financial support for medical treatment, was granted necessary funds, Collective Agreement signed and the activities on preparing the Collective Agreement on Safety and Industrial Hygiene tell us that the ‘’IMK’’ Executive Management discharges its duties professionally, with responsibility and full observance of the laws.


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ROLLING STOCK FACTORY ‘’ZELVOZ’’ SMEDEREVO

AN OPEN SPEECH ON THE SUBJECT OF SMALL SHAREHOLDERS’ RIGHTS




Smederevo, February 8, 2008
On January 30, 2008 the UBU ‘’Nezavisnost’’ and Trade Union of FSV ‘’ZELVOZ’’ d.o.o., on the initiative of the Privatization Centre, delivered an address on the subject of small shareholders’ rights of FSV ‘’ZELVOZ’’ d.o.o. This open speech was organized after signing a Contract on the sale of 70% of the capital to Rumanian ‘’Grampet’’. In order to form Shareholders Assembly, the registration of 15% of gratis shares is necessary. The greatest doubt causes the thing that on the same day, January 28, 2008, the registration of gratis shares of public companies began. Due to confusion that arose in workers, the mentioned open speech was organized, on which occasion many workers asked questions to Dragan Korunski of the Privatization Centre.


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TURBULENCES IN THE ‘’NEZAVISNOST’’ BRANCH UNION OF EDUCATORS – TEACHERS REQUIRE THE PRESENCE ON THE SITE

THE ‘’NEZAVISNOST’’ UNITED BRANCH UNION (UBU) IN ZRENJANIN




Zrenjanin, February 8, 2008
The President of UBU ‘’Nezavisnost’’, Branislav Canak, held a Press Conference in the Regional Trustee Office of UBU ‘’Nezavisnost’’, Zrenjanin with the representatives of ‘’Nezavisnost’’ Branch Union of Educators, with the intention of giving explanation and informing the members of ‘’Nezavisnost’’ Branch Union of Educators of the attempt of founding a new trade union ‘’NSPRV’’, namely, an illegal attempt, contrary to the Statute, to transfer members, without their knowledge, from ‘’Nezavisnost’’ Branch Union of Educators to a minor and unrepresentative trade union ‘’NSPRV’’.


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END OF AGONY FOR ‘’SINVOZ’’ WORKERS, BANKRUPTCY PROCEEDINGS IN THE COMPANY CONTINUED

PURCHASE AND SALES CONTRACT WITH NEBOJSA IVKOVIC TERMINATED




Belgrade, February 8, 2008
The Privatization Agency of the Republic of Serbia terminated the Purchase and Sales Contract on the sale of ‘’Sinvoz’’ a.d., Zrenjanin with the buyer Nebojsa Ivkovic from Belgrade, on January 31, 2008.


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DIRECTOR OF TOPOLA LIVAR AD REPLIED TO THE LETTER OF THE PRESIDENT OF MWBU ‘’NEZAVISNOST’’

DIALOGUE – BASE FOR UNDERSTANDING




Belgrade, February 4 2008
The President of ‘’Nezavisnost’’ Union, Mr. Matic, received a reply from the director of Topola Livar AD, in which it was stated that he didn’t contest workers right to payment of vacation allowance and that 20% of this allowance for 2007 was paid out in September together with payment of earnings for August 2007. It was also stated that it was agreed with workers that the remaining unpaid portion of vacation allowance should be paid out as follows:


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