In Brief: Stomil Olsztyn; Stalexport & Huta Szczecin; Fiserv in Warsaw
Tire producer Stomil Olsztyn is to halt production for two weeks in November
and December, in order to reduce stockpiles. According to company
representatives Stomil's move is in line with worldwide trends, as most tire
producers are adjusting production to reduced market demand. The company is
not planning any redundancies. (Prawo i Gospodarka, p. 11) ... Stalexport
is currently in talks with potential buyers of its controlling stake in Huta
Szczecin steel mill. According to the Puls Biznesu daily, the mill may fall
into South African hands. Huta Szczecin, facing a deep financial crisis, may
be forced to halt production within a month. (Puls Biznesu, p. 12) ...
American financial sector software producer Fiserv has chosen to locate its
Central and Eastern Europe headquarters in Warsaw. The company says that
this year it expects 30% of its revenues in Europe to be generated in the
region. (Rzeczpospolita, p. B1) J.K.