A mine allocates EUR 730,000 to directors for SEVERANCE PAY

The Pljevlja coal mine will have to pay 728,790 euros in severance pay for 13 members of the now former management of that state-owned company, if the contracts signed with them in previous years are adhered to.

Certainly, the most money will go to former executive director Slavoljub Popadic, whose severance pay, together with the payment of unused holiday allowances, reaches as much as 80 thousand euros. Other members of the management have concluded contracts for severance pay ranging from 42 to 63 thousand euros.

„The estimated value of severance pays for 11 members of the management is 600,790 euros.“, it was announced by the Coal Mine for the Dan daily, noting that out of those 11 members, the director of the „Distribution“ sector, Budislav Jaredic, has the highest severance pay, which amounts to 63,293 euros.

As the coal mine said, former director Slavoljub Popadic has already collected a higher severance pay than the amount of his severance pay consisting of 24 salaries.

„Along with 24 salaries, Popadic also collected unused holiday allowances, so the total amount is 80000, rather than 75000 euros, as previously announced,“ the Coal Mine stated.

Izvor: RTCG

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