Next Monday Daewoo-FSO, which has already cut back production in its
Lublin and Nysa plants, will stop production at its Zeran facility due
to sharply declining new auto sales in Poland. Labor unions are
demanding nationalization and threaten to strike. Daewoo-FSO board
representatives consider the idea absurd and refuse to comment.
Previously patient subcontractors are now demanding to be paid on time
and warn they will stop providing production materials if deadlines are
not met. Furthermore, production will have to cease if the car dealer's
debts are not paid on time. The Treasury Ministry will meet with the
Daewoo Motor Poland board next week to discuss the company's failure to
fulfill its investment agreement. Economy deputy-minister Edward Nowak,
who is to fly to Korea to hold talks with the Korean government, company
officials, and debtors, says that Daewoo has very good investment terms
and should bear responsibility for the entire company, not merely for
its Korean part. (Rzeczpospolita, A1) P.J.
