By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Employers are facing a huge increase in Electricity Prices, Workers are threatened with Dismissal
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > BUSINESS > Employers are facing a huge increase in Electricity Prices, Workers are threatened with Dismissal
BUSINESS

Employers are facing a huge increase in Electricity Prices, Workers are threatened with Dismissal

Published February 23, 2022
Share
SHARE

Contracts on electricity supply with new changes enormously increase costs for businessmen. To withstand the new wave of price increases, companies are forced to reduce the number of workers or reduce the amount of wages. This is unacceptable for workers, but also for companies, said the Association of Employers of the Federation of BiH and the trade union of the real sector. They also sent a message to the Government of the Federation of BiH to take responsibility, act on time and prevent dismissals. If there is no reaction, protests, they say, are inevitable.

Limiting electricity price growth to a maximum of 20 percent, as part of last year’s deal, seemed like an adequate solution. But that was not the end. Electricity supply contracts are changing, for the first time since 2011. The changes brought two new points of the contract – for the businessmen in dispute.

“Limited electricity consumption – that you have to announce electricity consumption every month with a tolerance of plus or minus 5 percent. Penalties are very rigorous. If there are any accidents on thermal power units, due to lack of coal or any other reason, so Elektroprivreda will have to import electricity in order to supply consumers – it will pre-invoice the import price and add its costs. So, they are now transferring the complete risk of their business, maintenance of their blocks, management of them, to the economy “, says Adnan Smailbegovic, President of the Board of the Association of Employers of FBiH.

Double monthly bills and large expenses of companies, in the end, will have the greatest impact on workers. Employers faced with a large increase in prices, choose dismissal as the solution among the first options.

“We already have a situation on the ground where workers are offered contracts with the lowest salary, which is this salary of 543 BAM , because many companies paid significantly higher bills for the first six or seven days this year,” said Lejla Catic, president of the Independent Trade Union, forestry, wood and paper processing in BiH.

The president of the FBiH Metalworkers’ Union, Bajro Melez, claims that they have come to a situation where they are asking to stop the dismissals.

The decision is in the hands of Elektroprivreda BiH. Employers offer two: increase the price of electricity by 20 percent or allow Elektroprivreda to change their spending plan during the month to avoid exceeding and paying penalties.

Source: federalna

Authorized officers of the Indirect Taxation Authority seized Cigarettes worth 35,000 BAM

Minister Delic: Contracts worth 3.85 Million BAM signed to strengthen Social Protection in the FBiH

Bosnia and Herzegovina to borrow  400 million BAM for Urgent Fiscal Needs

The Federation of BiH suffered damages exceeding one billion BAM due to Absence of Law on Forests

Bugojno Will Be Host to Symposium of Metal and Non-Metal Materials

Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article HR Schmidt emphasized the Importance of the Reconciliation Process in BiH
Next Article Will Excise Duties on Fuel be abolished in BiH?
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2kFollowersLike
10.1kFollowersFollow
414FollowersFollow

Latest News

Arkab and Konakovic Discuss Strengthening Algeria–Bosnia Energy Partnership
April 27, 2026
Turkish Airlines reduces Operations across Balkans
April 27, 2026
Performance Breakdown: Defense Industry Firms in the Federation of Bosnia and Herzegovina
April 27, 2026
Another failed HoP Session: Harsh Accusations of Political Blockade and Violation of the Rules of Procedure
April 27, 2026
Rich Program Celebrates 130th Anniversary of Sarajevo City Hall
April 27, 2026
Algeria and Bosnia Seek Stronger Partnership, Build on Shared Historical Ties
April 27, 2026
Key Prerequisites for the Adoption of the Institutional Budget have been created
April 27, 2026
Berset: Council of Europe Membership Requires Respect for European Court of Human Rights Rulings
April 27, 2026
BiH Foreign Minister meets with his Algerian Counterpart in Algiers
April 27, 2026
FM announces a Protest Note to Croatia over the “scandalous rally in Zagreb”
April 27, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?