Government reacts to the situation in Trepca, Sıt mentions wages, says it helped out beyond schedule

In the communique, there is no mention of the execution of wages for company workers, which is a primary requirement by workers for restarting work.

The government has demanded pledges from Trepca for lowering spending and restarting production.

The government of the Republic of Kosovo is committed to supporting the US Trepca company, as well as all other public enterprises. Support means support for growth and growth of full economic potential”.

From their companies and leadership, according to the announcement the Government of the Republic of Kosovo expects the taking of measures that increase internal operational and financial control, as well as radical reforms that transform their business.

Despite the support Government has given during the first half of this year, the Trepca U.S. company. has operated on losses as a result of poor productivity and revenues.
The economy ministry has supported the company with subsidies worth 3.3m euros, which is beyond the planned amount for the entire year”.

However, according to ZKM these vehicles were not enough to ensure the coverage of operational spending and employee salaries, which make up the considerable share of the company's spending.

The economy ministry has consistently encouraged the company's management to optimise expenditures. Recently, with the company's application for sharing additional financial means, the Ministry of Economy and the Government of the Republic of Kosovo has asked the Board of Watchers and Management to present an action plan”.

“We expect the company's challenges to be addressed in a clear, effective and sustainable manner.
In particular, the Government of the Republic of Kosovo expects the company to ensure increased production and revenues and reduction in spending, as the only way to achieve the company's operational and financial situation and regular compensation of employees steadily.
The government of the Republic of Kosovo remains in constant communication with the company's Watch Board. We ensure that all sides are fully committed to a long-term solution, in line with their legal competencies and responsibilities”.

At the same time, the Government reports it is addressing the plan proposed by the US company Trepca Trepca. Financial support depends on the plan and concrete commitments that will reduce spending and resume growth.

“We are convinced that with close co-operation and shared commitment, significant improvements and positive results can be achieved for Trepca company and all its employees. There is no other way than working and intensive engagement, order, control and responsible management of the company for success” is said in the Government's announcement.