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CORPORATE BRIEFS

Railways labour union fined 12 million Sk for libel

The labour union of the biggest Slovak employer, Slovak Railways (ŽSR), must pay 12 million Sk ($345,000) to the company's management, the highest fine paid to a corporate plaintiff in the history of Slovakia. The verdict was finally reached after a six month lawsuit stemming from the statement of Ivan Sedláček, chairman of the union, who said that ŽSR's management had been "tunneling" the company. The management sued him in February and the court approved their claim on September 10. Sedláček himself will have to pay 350,000 Sk ($10,000) and will have to apologize in several Slovak dailies, as well as on three TV stations.

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