UPDATE: 
At the March 26 general meeting of Tatra’s shareholders, one agreed to give the complete company (i.e. all shares) into deposit. Thanks to this they could sign new credit contracts with banks.
According to http://www.rozhlas.cz/zpravy/domaciekonomika/_zprava/712453 the shareholders also agreed not to comment on the latest shareholders’meeting.
The Prague stock exchange reacted positively on the friday news with Tatra shares rising to Kcs 140.00 from Kcs 134.00. See http://www.rmsystem.cz/akcie-121-tatra
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400 former employees to return by April 1
reduction of working hours to end by April 1
CTK Released: 26.03.2010, 12:42 | updated: 26.03.2010 13:02 (automatic translation)
Kopřivnice (Novojičínsko) – Shareholders Tatry now decided to pledge the company úvěrujícím banks. Reuters confirmed this union representative Paul Baron. Automaker by economic newspaper owes banks more than one billion crowns from the original 1.9 billion CZK credit. Banks, therefore, called for greater guarantees for their loans.
According to the manufacturer’s unionized truck 1 April runs back to full and take back most of the previously released about 500 people. Due to the economic crisis and lack of orders, production was still limited in the Tatra.
For Kopřivnice Tatra hypothecation is nothing new because in the past the company existed. Remove car according to company representatives in any way affect. “Influenced by it, if it had not done so. Banks could begin to make trouble,” said one of the participants of today’s meeting. Union representative would not comment on the arrest enterprise. According to him, voted to pledge 97 percent of the company shareholders.
Banks, which are based on economic noviny (HN) domestic CSOB and French Calyon, had demanded greater guarantees for their loans. Calyon is now in the pledge of real estate and shares Tatry its subsidiaries.
“Like many other companies in this difficult time we had to conclude a new agreement with banks. Their arrest is part of the enterprise,” said HN previously CEO and minority shareholder of Tatra Ronald Adams.
According to representatives of trade unions is good news that once full production starts. “From April 1 Tatra goes back to full operation. This means that the total period of uncertainty has ended. We should raise malilinko should begin to work normally,” said Baron. In the crisis period, according to the majority of unionized employees Tatry worked part-time work – 30 hours per week, and obírala 80 percent of wages.
Carmaker released last fall, about 500 people, with the promise that from 1 April boards back. According to union representative may be that some returnees may not be finally accepted. Return should be about 400 people. “Now we evaluate whether they will all re-employed. Evaluates it towards the procurement and production to be. Some have found other jobs, they are back in business,” said trade unionist.
In 2008, the results of the Tatry collided strong crown and then it hit the global market crash trucks. Before last, when the company earned 5.9 billion crowns, reported a loss of 572 million crowns. Tatra sales last year fell by 45 percent. Adams had previously described last year for manufacturers of trucks as catastrophic. Economic result has disclosed.
More news to follow……