New hope for Huta Andrzej, employment to half following restructuring

The government decided that steel mill Huta Andrzej (HA) is viable and should continue restructuring. "We prepared a restructuring plan, but we have not reached an agreement with our creditors. We had no other choice, but to declare bankruptcy," said HA president Piotr Gorowski. The mill's liabilities total almost zl. 140 million. "If it goes bankrupt, it would be excluded from the government programme of restructuring the sector and it would not be allowed to receive public aid," said Krzysztof Dabrowski from the Ministry of Economy and Labour. According to Gorowski, HA was to receive about zl. 20 million of public aid and cut employment by 250 from 550 by 2006. (Puls Biznesu, pp. 1, 3) M.M.