If Huta Katowice closes furnace, restart costs zl.120 ml.
Cash-strapped steel mill Huta Katowice may soon be forced to shut down one
of its two main furnaces. The costs of restarting the furnace could be as
high as zl.120 million. Huta Katowice spokesman Jaroslaw Jedruch said that
the plant management has already made a decision to begin the month-long
process of shutting down the furnace. He promised that if the government
makes a decision soon to aid the steel mill, it would likely be
unnecessary to close the furnace.The Huta Katowice restructuring program
for the years 2001-2005, approved by its supervisory board on Saturday,
assumes that the government will provide necessary aid, enabling the steel
mill to go on without drastic cuts in employment and production.
(Rzeczpospolita, p. B4) T.J.
