'Strategic interest'

Trade union supports Cacic and Linic's appointment to INA supervisory board

07.03.2012 u 16:00

Bionic
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A trade union of workers in the energy, chemical and nonmetal industries, which goes by the acronym EKN, has supported the government's plan to appoint to INA oil company's Supervisory Board First Deputy Prime Minister and Economy Minister Radimir Cacic and Finance Minister Slavko Linic.

"We support the government's plan as a responsible act towards a company that is of special interest to Croatia and a national treasure, as well as a sign of awareness of the importance of protection of Croatia's strategic interests," the EKN said in a statement.

The Croatian government, as the second biggest shareholder in INA with an interest of close to 45%, has stood by for too long watching MOL, the biggest single shareholder, "trim" that strategic national treasure, the trade union said.

MOL has reduced the number of INA employees and divested some of the company's businesses, all under the guise of optimising business processes and achieving greater competitiveness in the business environment, the EKN said, adding that INA's management was not doing what it was supposed to do, including ensuring sufficient amounts of raw materials and energy products.

Supporting the government's plan, the EKN suggested that the government appoint responsible and professional people to all 66 companies that are of special state interest, in order to protect the interests of the state, the citizens and the workers.