GZE plans to downsize staff by 15 percent this year<BR>

By the end of this year, GZE is planning to downsize its staff by 15%, from the current 2,000 to around 1,700 employees. According to the president of GZE owned Energousługa, Mariusz Garbacik, the employment restructuring plan has been well prepared. The staff selected to be made redundant were informed about the plans in July 2002, some of them have already found a position at one of the company's subsidiaries. GZE representatives claim that the staff reduction is due to the conditions imposed by the competitive market. Vattenfall owned GZE is the largest electrical energy distributor with an 11% market share and more than 1 million individual customers. (Parkiet, p. 3) A.Z.