Tuesday, June 7, 2016, 14:31
Some 130 employees of porcelain maker Zsolnay resigned from their jobs effective immediately, abandoning the company for the newly formed Ledina Kerámia, the latters legal representative told Hungarian news agency MTI today.
Ledina Kerámia was created by Zsolnays minority owner Pécs Council, to take over operations from Zsolnay in the event that it is liquidated pursuant to the Hungarian Development Bank (MFB) canceling the HUF 413 million loan provided to Zsolnay in the event that the company fails to comply with the repayment schedule of less than two weeks.
The council of Pécs believes the liquidation is inevitable and the staff is transferring to the new company to save a heritage of…
Read the full article at: http://bbj.hu/economy/zsolnay-staff-leaves-en-masse-in-fear-of-liquidation_117300