The management of HŽ Holding expects to finish this year positively in business, as well as all its parent companies, while announcing a restructuring process and a new organization for next year through which they plan to increase revenues and reduce costs, stated the CEO of HŽ Holding, Zlatko Rogožar, at today’s press conference where the new HŽ timetable was also presented, which will be valid from December 12 of this year until December 10, 2011.
Rogožar and other members of the HŽ Holding Management base their expectations for a positive result this year on the good results of the parent companies for the first nine months of this year, especially HŽ Cargo, which recorded an increase of 7.4 percent compared to the same period last year. In addition, as Rogožar explained, they expect an extraordinary income of 15 million euros by the end of this year from receivables that belong to HŽ after the separation from the ex-Yugoslav railways. As part of the restructuring that HŽ Holding is expecting next year, it will be considered whether there is and how much excess staff there is and whether they can or cannot be reassigned to new jobs that will also be created as part of that process. Rogožar also stated that nothing ‘sudden’ will be done regarding employees and their potential layoffs, while he mentioned that employee salaries are at the Croatian average, neither higher nor lower, and that workers can be absolutely satisfied.
