The World - News from July 22, 1987

Strikes erupted in Yugoslavia as a new bankruptcy law threatened to leave thousands of workers without jobs at a time of high inflation and crumbling living standards. About 650 workers in a wood-processing plant in Sanski Most, central Yugoslavia, have gone on strike to demand a 100% pay increase and the firing of the plant’s management. The official Tanjug news agency said that 500 miners in the Trepca lead and zinc mine in Kosovo province also are striking. Under the new bankruptcy law, firms that fail to cover 1986 losses by the end of September could face liquidation unless they devise plans to guarantee profits.