Dębica may embark on layoffs as part of cost cutting strategy

"The dismissals will encompass people who wanted to leave the company in July, and will give them a 100% chance for early retirement and compensation of zł.1,200 gross for each year of employment in the company. At that time Dębica has not definitely decided to go ahead with the layoffs as there was no money to pay the compensation," said an anonymous source from the corporation. Since Goodyear became a strategic investor in Dębica back in 1995 and secured a 60% of the shares some 2,000 out of a workforce of 5,000 have already lost their jobs. In the first half of 2004 the company recorded zł.71 million of net profits with revenues exceeding zł.760 million. (Parkiet, p. 3) A.K.