In Brief: Saint Louis Sucre offer; MAN-Star merger; pharmaceuticals lay-offs
Saint Louis Sucre yesterday proposed an arrangement for resolving the dispu
te over its purchase of the Slaska Spolka Cukrowa (SSC) group. Under the pl
an, the Treasury would offer the French company "collective shares" in SSC,
in return for which Saint Louis Sucre would abandon its legal action, which
is holding up the establishment of the Polski Cukier giant sugar holding.
(Gazeta Wyborcza, p. 28) ... MAN Polska and Star Trucks will on Monday mer
ge, forming a single company. MAN-Star Trucks will have its headquarters in
Wolica near Warsaw. (Gazeta Wyborcza, p. 28) ... GlaxoSmithKline is to lay
off 330 employees from its Poznan plant by the end of November. The company
's management explains that the lay-offs are necessary in order to increase
efficiency and cut costs. (Prawo i Gospodarka, p. 4) M.T.