LUKA KOPER, d.d., Koper
IPS Strategy Confirmed
In compliance with the provisions of the Ljubljana Stock Exchange Rules and the applicable legislation, the company Luka Koper, d.d. hereby publishes the following notification:
At its session on 25 May 2018, the supervisory board of Luka Koper, d.d. was acquainted with the report on the legal issues and risk management related to the proposed strategy for port services providers (hereinafter: IPS Strategy). The strategy anticipates a three-pillar model according to which the company will provide the majority of its core services by means of its own workforce; for the remainder, the company will avail itself of employment agencies, and some of the services will be entrusted to external contractors. Following implementation of the strategy, 61 percent of services will be performed by the company’s own workforce, 12 percent by posted workers (especially in business areas where regular monthly work cannot be ensured), and 27 percent by external contractors. During the implementation phase, these proportions might change, depending on commercial, operational and other circumstances.
The company’s supervisory board was also acquainted with the IPS Strategy Implementation Action Plan, which takes into account existing and future stakeholders in the new model’s implementation process, as well as the timeframe for the action plan’s implementation. The company expects the transition to the new model to take place by the end of this year. The action plan also anticipates the amending of the company’s business plan for 2018 and increased staff recruitment. The exact amount of additional employment compared to that in the existing 2018 business plan will also depend on the optimisation of work processes, which will rationalise the need for employee resources.
The company estimates that along with the changed model, annual costs will increase as well. Namely, compared to the 2018 data, the cost of the three-pillar model is likely to exceed the existing IPS model’s cost by approximately 9 million euros. However, the impact of the new model on the company’s operating costs will be precisely calculated in the amended annual business plan.
The supervisory board agreed with the planned changing of the port services implementation model and recommended to the company’s management board that while implementing the new model, it should take into due consideration the obtained expert opinions and the principle of equal treatment of workers’ groups, ensuring equal pay for equal work and equal labour conditions.
Supervisory Board and Management Board