LNM is told its time to reach a final agreement over PHS

Treasury Minister Piotr Czyżewski is unwilling to further extend the time LNM has to negotiate with Polish Steel Mills (PHS) trade unions over the social package for employees. "I believe that the investor will reach an agreement with the unionists and that soon I will be able to present the Cabinet with the terms of the privatization contract," Czyżewski said yesterday. He added that it is formally impossible to sign the contract without setting the conditions of the social package. "I would not want that to happen and I don't think that a such necessity will arise," he said. LNM has twice turned to the Ministry to extend the negotiation period. On October 3rd the Ministry agreed to extend the negotiation period for a further seven days. (www.onet.pl) A.Z.