560 Polar workers to lose their jobs by June in first round of staff cuts
Wroclaw-based household appliance manufacturer Polar has announced plans to
cut its current workforce of 3,760 by 560 before the end of June. This is
the first in a series of job cuts that will see the company's staff reduced
to 1,700 by 2003. Yesterday, Polar's management received final confirmation
of the decision from France, where the headquarters are located of its
parent company, Moulinex-Brandt. The French-Italian concern owns a 98.8%
stake in Polar. According to director of Polar's management office, Marian
Zolkiewicz, Moulinex-Brandt gave Polar a free hand concerning the scheduling
of the restructuring. "The restructuring doesn't mean that all the employees
we plan to lay off will be left without a job. Some of them will find a job
in Polar Service, the new subsidiary we plan to set up," said Zolkiewicz.
(Prawo i Gospodarka, p. 10 ) A.Z.
