Kremikovtzi Trade Unions: End of March Will Prove Fatal for Mill

The "Kremikovtzi" steel mill will have to halt all mining activities along with several productions at the end of March over the lack of interested investor. Photo by Sofia Photo Agency

The troubled "Kremikovtzi" steel mill will have to halt all mining activities and several productions at the end of March because of the lack of interested investors.

The information was provided Friday by the "Podkrepa" trade union representative, Luydmil Pavlov.

Pavlov, who spoke for Darik radio, informed that Kremikovtzi's management had presented Thursday their account for the mill's activities and expenses, adding that the workers were still planning to organize mass protest rallies in Sofia on March 9.

Pavlov further said that the end of March was the absolute deadline to secure an investor in order for the plant to continue functioning. The union representative explained that currently the expenses were much greater than the profits and defined the end of the month as "fatal" for the mill's production.

According to Pavlov, the mill's workers have not been paid their December, January and February salaries.

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