Droga sacking causes chagrin
Slovenian food manufacturer Droga has caused some degree of
consternation amongst the company's workers.
According to reports in a number of the state's leading national publication, the decision has led to a number of complaints and to the resignation of the worker's representative to the supervisory board. A press release from the company has confirmed that it has accepted the resignation of Marija Tul.
Business analysts and industry observers have been puzzled by Droga supervisory board's decision to sack the three-member management, which includes the CEO, Matjaz Cacovic, who has been rated as one of the top 25 business leader in the country.
The decision is particularly baffling in light of the fact that in recent months the company has appeared to go from strength to strength, indeed he it saw profits rise by 21 per cent in the first half of the year to SIT 856 million (€3.62m) - feat that has led the company to become classified as one of the country's top ten performing businesses.
The Droga supervisory board, under Bogomir Kovac, explained that the main reason behind the December 11 dismissal of the team led by Cacovic was poor communication within the management, a lack of clear business vision and poor development results. Despite the strong language, the team did add that the Cacovic had done much to improve the company's financial results in recent years.
However, there is speculation that the sacking has taken place over the possibility of a future take over of the company by investors - an allegation which has been strongly denied by the company.
Cacovic has said that he will hold a press conference today, during which he is expected to further explain the supervisory board's decision.
