Daewoo and creditors deal delayed, but likely to be signed soon

According to Rzeczpospolita, Thursday was supposed to be the day when an agreement between Daewoo-FSO and its creditors was to be signed on the future structure of the company. The contract was not signed due to an objection from Pekao SA. Undersecretary of State in the Economy and Labour Ministry Maciej Lesny, promised he would intervene. According to Marek Dyzakowski, leader of the Engineers and Technicians Trade Union in Daewoo, the agreement is likely to be signed in the next few days, as the company lacks resources necessary for further production. Daewoo is now concentrating on export deals to Ukraine. (Rzeczpospolita, p. B2) M.M.