Netia cuts costs, plans layoffs

Poland's second largest telecommunications firm Netia is working on a cost-cutting plan that should bring PLN 50 million savings annually, the company's representatives were quoted as saying by the Polish Press Agency. In 2015 the company will lay off between 350-400 people. “Employment optimization is related to a flatteninf of our organizational structure,” said CEO Adam Sawicki. “We want to cut down our back office and reduce the number of managerial positions.” Layoffs will be carried out in January-March next year. The company has already started talks with union representatives.