Bulgarian Cabinet Mulls Fate of Faltering Military Plant

Business » INDUSTRY | January 23, 2013, Wednesday // 09:13
Bulgarian Cabinet Mulls Fate of Faltering Military Plant: Bulgarian Cabinet Mulls Fate of Faltering Military Plant The workers' strike at Bulgaria's State-owned arms manufacturer, VMZ Sopot, is entering their 21st day. Photo by BGNES

The Bulgarian Council of Ministers is examining Wednesday at the regularly scheduled meeting the future and the fate State-owned arms manufacturer, VMZ Sopot.

The Parliament is also going to examine a proposal to remove the plant from the list of privatization bans, after its sale failed through last week.

On Monday, the trade unions received the recovery plan and the negotiations on it are expected to start Thursday.

Meanwhile, the crisis and the workers' strike at the plant are entering their 21st day. The workers have not received salaries since October. High school students in the town even walked out of their classrooms to join the protest rally. Former employees have also supported them.

On Monday, the Plovdiv District Court started the bankruptcy trial against VMZ Sopot on the claim of the Mechanical Plant Devin for BGN 2.5 M in debt owed to it by the weapons manufacturer.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Industry » Be a reporter: Write and send your article
Tags: unpaid wages, protests, privatizaiton, military plant, bankruptcy, Strike, salaries, delayed, privatization, Defense Ministry, Defense Minister, state-owned, trade unions, privatization, military plant, VMZ Sopot, recovery plan

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria