Dresdner Bank's promise to Kama Foods in question

Brzeg-based vegetable oil producer Kama Foods is in a desperate situation. Its new investor, Dresdner Bank, promised to co-operate with creditors to finance the company's restructuring and to pay the six months' outstanding salaries to its almost 500 workers. However, no agreement has yet been reached, and the money is still patiently awaited. The Supervisory Board will meet on June 6 and management will present its package of cost-cutting plans. An unofficial source quoted by Rzeczpospolita said some branches would be liquidated and employment reduced. The labor unions are protesting. Dresdner Bank could probably financially support Kama Foods until the end of June or beginning of July by which time it will be clear whether there would be enough money to buy the 240,000 tons of rape seed the company needs. All Kama Foods' debts and current needs amount to zl. 380 million. (Rzeczpospolita June 1-2, p. B5) A.D.