Government blocks plan for management buy-out of mining companies
The chairman of the Czech Confederation of Trade Unions, Richard Falbr, criticised the government for not having discussed the plans for privatisation of the mining companies with the Trade Unions. He said the Unions learned about the planned privatisation to the hands of the management only from the press. Falbr said that should the government fail to discuss the privatisation of the mining companies in the tripartite, the Trade Unions will oppose it. He also pointed out that management buy-outs had not worked very well in the past.