After more than a year of uncertainty over the future of the country’s largest non-ferrous metal producer LZC, reported in previous newsletters, the Kardzhali plant was sold this month to Harmony 2012 Ltd. While four hours before the bidding deadline no offers had been submitted, three bids emerged last minute. The plant was sold for 8.6 million Lev (4.4 million euro) and includes the plant’s premises and land but not its machines. The total debt of the plant under its current owner is estimated at 350 million Lev (179 million euro).
English: http://www.novinite.com/view_news.php?id=143224
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.
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