LNM continues to have problems digesting HSC

According to unofficial sources, the bank-creditors of the company argue the price offered is unacceptable. Furthermore, the Indian concern has not completed negotiations over the social package for employees yet. "The crucial points of the package have been agreed upon and we could sign it this week. However, we fear that workers might revolt and physically throw us out," said one unionist. The key problem is that LNM has guaranteed special terms only for the employees of HSC and not its subsidiaries. Meanwhile, Ukrainian Donbas, which lost the tender to purchase the steel mill, says it is still ready to buy the mill and declared that it would ensure that all employees would be covered by the social package. (Puls Biznesu, p. 6) M.K.