Increased investment expenditure to impact on Poczta Polska's revenue rises?

The firm will continue to purchase computers for its numerous outlets, and thus IT costs for the current year are tipped to amount to around zł.700 million. Despite seeing wages growing on average by 1.6% this year, PP plans to reduce its employment costs by laying off 1,000 staff. The firm also plans to introduce a number of new services and operations in 2004, including the creation of its own investment funds, which should be up and running by Q3 or Q4. However, PP has abandoned the notion of setting up its own aviation company, and thus it will not now purchase part of White Eagle Aviation's aircraft fleet. (Parkiet, p. 7) M.M.