The company has 285 million euros in outstanding loans, but €20 million of taxpayers' money has been set aside for severance pay for laid-off workers. Foto: BoBo
The company has 285 million euros in outstanding loans, but €20 million of taxpayers' money has been set aside for severance pay for laid-off workers. Foto: BoBo

The company says it wants to streamline its operations, but at the same time it keeps hiring new employees.

Terminating employees and paying severance ...
The company has 285 million euros in outstanding loans, but €20 million of taxpayers' money has been set aside for severance pay for laid-off workers. Slovenske železnice boss Mušan Mes said: "We have an agreement with social partners which says that employers must receive severance payments equivalent to 12 months' pay. This will cost the company around 20 million euros."

... and hiring new people
It is difficult to believe that SŽ wants to streamline its operations, as the company keeps hiring new staff. They have hired 50 new employees in the first three months of 2015, and they plan to recruit even more over the coming months. "We want to hire another 100 or 200. These are very young people who are much cheaper than our old employees. The all-in cost per new employee is 15k to 20k a year," Mes explained.

But while SŽ seems to have enough money for severance packages and new employees, the company does not seem to have sufficient funds to fix Slovenia's aging railroad infrastructure.

Eva Uranjek; translated by D. V.