Background information

The Adris group is a large company active in tourism, resorts, insurance, production of healthy food and real estate. In order to overcome the situation caused by the ongoing coronavirus pandemic, the Adris Group's management, with the consent of its supervisory board, has made a number of decisions that will affect the operations of their affiliates, primarily their liquidity and profitability, and the long-term sustainability of the company in these unprecedented new circumstances.

Content of measure

Regardless of the current circumstances in Croatia and across the world as the coronavirus pandemic continues to hold the economy in its firm grip, the Adris Group's management board decided that there would be no layoffs within that company. The Adris Group will realize already contracted and ongoing investments, and they will continue to prepare for planned projects. Aware of the circumstances and the unknown situation when it comes to the potential duration of the coronavirus crisis - and despite the exceptionally good business results it achieved in 2019 when net profit after minority interests was 31% higher than it was in 2018, the company's management have agreed to cut their salaries by 30% over the next three, three months that will be used primarily for improving the solvency of the company and as possibility to reduce the costs.

Use of measure

By the establishment of its Foundation, the Adris group, wanted to make a breakthrough in social responsibility. It also wished to offer direct assistance to the development and progress of Croatian society, through the promotion of social responsibility among Croatian companies and the general public. The Adris Foundation in addition to the donation of three million HRK (€400,000) for the procurement of respirators for hospitals in Rijeka and Pula, the Adris Group's administration has decided to donate two million HRK (€267,000) for the restoration of cultural monuments damaged in the recent earthquake in Zagreb.

Contents

• Employment retention

Target groups

Workers	Businesses	Citizens
Does not apply to workers	Larger corporations	Does not apply to citizens

Actors and funding

Actors	Funding
Company / Companies	Companies

Social partners

Social partners' role in designing the measure and form of involvement:

	Trade unions	Employers' organisations
Role	Consulted	No involvement
Form	Any other form of consultation, institutionalised (as stable working groups or committees) or informal	Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

• Only trade unions
• Main level of involvement: Company level

Involvement

Trade union was informed about the intention of the measure and the reason for its implementation.

Views and reactions

Due to the nature of the measure, the company level trade unions as social partners were consulted.

Sectors and occupations

This case is not occupation-specific.

Sources

• 06 April 2020: Adris grupa ne otpušta zaposlenike, menadžment smanjuje svoje plaće za 30 posto (www.poslovni.hr)
• 30 June 2021: Dobri poslovni rezultati Adris Grupe (Favourable Business Results of Adris Group)Results of Adris Group) (www.adris.hr)