90 Milion Kuna Losses of Croatia Airlines
Following two years of doing business in the black, the Croatian national carrier Croatia Airlines has posted a loss of nearly 90 million kuna for 2008.
It is to cut the wages of 32 senior employees and will in that way save some 1.5 million kuna and the management is to take a 15-percent pay cut, executive directors 10 percent and all other employees who have special contracts will be looking at a 5% paycut.
