Refuse Wage OfferBELGRADE, Yugoslavia - About 400 miners at a brown coal mine in the Bosnian city of Tuzli in central Yugoslavia have turned down a management offer of increased pay and are continuing a five-day-old strike, the state news agency Tanjug said.
It said the miners demanded a 100 percent pay hike to match inflation, which touched 105.5 percent last month, and smaller increases for mine employees who do not go down into the pits.
Tanjug said the mine management improved an original offer of a 30 percent pay hike to 40 percent, with an extra 10 percent bonus for productivity.
The strikers at the mine some 60 miles north of Sarajevo turned downthe offer and said they would continue their stoppage, Tanjug said.
More than 700 strikes involving more than 100,000 workers were reported in the first six months of this year - a record for post-World War II Yugoslavia.
Most of the unrest resulted from attempts by the communist government to curb wages while allowing prices to rise unchecked. According to official statistics, average Yugoslav living standards have declined by one-third over the past five years.
Green Mountain Power
Reports Higher Sales
SOUTH BURLINGTON, Vt. - Green Mountain Power Corp. said electricity sales to retail customers were 4.5 percent higher in the second quarter of 1987 than in the same period a year earlier. The number of customers grew by 3.3 percent.
El Paso Electric Co.
To Repurchase Shares
EL PASO, Texas - El Paso Electric Co. said that it may spend up to $10 million for the repurchase of shares of El Paso Electric Co. common stock.
William J. Johnson, vice president and chief financial officer of the company, said, "We believe it is in the interest of the company and its shareholders to repurchase shares of common stock at current price levels.
Any purchases made will be made on the open market through brokered transactions in accordance with the applicable rules of the Securities and Exchange Commission, according to a company spokesman.