Despite solving wage problems, Tonsil still has a tough time ahead

Trade unions at Września-based loudspeaker producer Tonsil signed a wage agreement with the management after a two week collective conflict. The president of the company, Czesław Szejn, promised to pay the outstanding wages for May and June in zł. 300 installments. Still, whether the company, whose debts amount to zł. 72 million, will actually manage to find the money remains to be seen. The bailiff is currently seizing the company's real estate to the value of zł. 17 million. This would appear to mean that Tonsil's fate now depends on whether it can secure a life-saving loan from the Industry Development Agency (ARP). The agency, however, has demanded that the company first presents a viable recovery plan. Further talks with the ARP are scheduled for Monday (Rzeczpospolita, p. A1) M.K.