Decision on Polmos Białstok expected today if workers agree conditions

According to Puls Biznesu, it seems that the Ministry will not have any reservations over the price since the value of the CEDC offer allegedly exceeds zł.1 billion. However, it is still unknown whether CEDC managed to reach an agreement with Polmos employees. The trade unions demanded better conditions than those guaranteed by the Polmos board before the privatization, which envisaged a guarantee of employment for six years. "Our intention is to guarantee the employees better conditions than they have now," stated William V. Carey, the president of CEDC. Theoretically the Treasury Ministry may come back to the negotiations with Sobieski Dystrybucja, which on Friday submitted a new price offer with ten-year employment guarantees for the personnel. Previously Sobieski was rejected by Polmos employees who claimed that the concern would not be able to finance the transaction. The Treasury Ministry is expected to announce its decision on Polmos privatization today. (Puls Biznesu, p. 8) E.B.