Agora to lay off 16% of its staff

"Take overs of several radio stations, as well as [leading outdoor advertising firm] AMS have caused Agora's profits to shrink considerably. Cost cutting is therefore necessary," commented BDM PKO BP brokerage analyst Radosław Solan. All divisions and subsidiaries are to be affected by the restructuring, with most of the cuts coming in accounting and human resources departments. (Puls Biznesu, p. 11) T.J.