Daewoo strategic moves will effect Zeran-FSO future

By the end of October the management staff of Korean car producer Daewoo Motor will be cut by 30%, a move intended to improve restructuring and further its take-over by the General Motor/Fiat consortium. Additionally, two other options are being discussed to resolve Daewoo's crisis. The company may either be divided and sold "in parts" or "nationalized" by the Korean government. The upshot for the Daewoo-FSO plant in Zeran will be seen when a Polish government delegation returns from Seoul. For now, Daewoo-FSO trade union flags hang in front of the company's plants in Warsaw, Elk, Elblag and Grojec, protesting the company's planned lay-offs and production halt. In related news, according to unofficial information, Daewoo-FSO president Choon Sik Yoo has resigned from his position and will be replaced by Sung Koog Yeo. (Rzeczpospolita, p. B1; Gazeta Wyborcza, p.19; Puls Biznesu, p.7)